Real Estate Credit Investments Limited (LON:RECI) won the Best Performance award for Specialist Debt at Citywire’s annual London-listed Investment Companies awards ceremony last night.
The performance awards are given to investment companies judged to have delivered the best underlying return in terms of growth in net asset value (NAV) in the three years to 31 August 2023. As in previous years, funds investing in publicly-listed equities are ranked on risk-adjusted performance against their benchmark indices, while funds (such as RECI) investing in other asset classes are either assessed for risk-adjusted returns against cash or by simple growth in NAV. All the data underpinning the awards is verified by an independent panel of judges.
RECI won the category ahead of other providers such as BioPharma Credit (LON:BPCR), CQS New City High Yield (LON:NCYF), GCP Infrastructure (LON:GCP) and Marble Point Loan Financing (LON:MPLF).
Commenting on the award, Bob Cowdell, Chairman of RECI, said, “We are delighted to be recognised with this award. RECI has a focused and resilient business model which has delivered a stable NAV, notwithstanding the background of challenging markets over the last three years, alongside providing a consistent and attractive dividend stream for our shareholders.”
Real Estate Credit Investments (LON:RECI) is a specialist investor in UK and European real estate credit markets with a focus on fundamental credit and value.
