# Real Estate Credit Investments: March 2023 fact sheet

- Link: https://www.directorstalkinterviews.com/real-estate-credit-investments-march-2023-fact-sheet/4121114590
- Published: 2023-04-14T07:57:00+01:00
- Author: Amilia Stone

**[Real Estate Credit Investments Ltd](https://www.directorstalkinterviews.com/company/real-estate-credit-investments/reci.l)**(
[LON:RECI](https://www.directorstalkinterviews.com/company/real-estate-credit-investments/reci.l)),
a non-cellular company incorporated in Guernsey, has announced that its Investment
Manager’s monthly Fact Sheet as at 31 March 2023 is now available:

[reci-fact-sheet_31-march-2023](https://www.directorstalkinterviews.com/wp-content/uploads/2023/04/reci-fact-sheet_31-march-2023.pdf)
[Download](https://www.directorstalkinterviews.com/wp-content/uploads/2023/04/reci-fact-sheet_31-march-2023.pdf)

The highlights of the monthly update are provided below:

· NAV as at 31 March 2023 was £1.469 per share, representing a decrease of 3.6p 
per share from the 28 February 2023 NAV of £1.505 per share.

· The change in NAV per share was due to:

 * the payment of the second interim dividend of 3.0p, which went ex-dividend in
   March
 * 1.1p of net interest income
 * 1.7p of net mark to market losses on the bond portfolio, resulting principally
   from heightened volatility in two bonds held by the Company. The Investment Manager
   remains confident in the credit quality and the benefits of the short duration
   of the Company’s bond portfolio

· Real Estate Credit Investments expects to deploy its currently available cash 
resources in near term commitments and continues to see a growing pipeline of senior
loans at attractive floating rates.

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