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

- Link: https://www.directorstalkinterviews.com/real-estate-investment-funds-uk-reci-pipeline-grows-february-factsheet/4121109819
- Published: 2023-03-13T12:24:08+00:00
- 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 28 February 2023:

[reci-fact-sheet_28-february-2023](https://www.directorstalkinterviews.com/wp-content/uploads/2023/03/reci-fact-sheet_28-february-2023.pdf)
[Download](https://www.directorstalkinterviews.com/wp-content/uploads/2023/03/reci-fact-sheet_28-february-2023.pdf)

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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