Real estate investment funds UK: RECI pipeline grows, February Factsheet

Real Estate Credit Investments

Real Estate Credit Investments Ltd (LON:RECI), a non-cellular company incorporated in Guernsey, has announced that its Investment Manager’s monthly Fact Sheet as at 28 February 2023:

The highlights of the monthly update are provided below:

·   NAV as at 28 February 2023 was £1.505 per share, representing an increase of 1.0p per share from the 31 January 2023 NAV of 1.495 per share.
·   The change in NAV per share was due to 1.0p of interest income.
·   During the month, the fund was fully repaid at par in its position (1.7m EUR factored notional) in an Italian CMBS deal backed by five Italian shopping centres.
·   In February, a dividend of 3.0p per share was declared, the ex-date was 2 March 2023.
·   The Company 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.

Real Estate Credit Investments (LON:RECI) is a regular dividend-paying, closed-ended investment company which originates and invests in real estate debt secured by commercial or residential properties in Western Europe, focusing primarily on the United Kingdom, France and Germany.

Find more news, interviews, share price & company profile here for:

Good news travels fast (but only if you make that happen). Share on:

Forum friendly shortlink: https://1lo.co/4JrVd
Twitter
LinkedIn
Facebook
Email
Reddit
Telegram
WhatsApp
Pocket

AIM All Share Index