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.

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