Fact Sheet Announcement

RNS Number : 5435C

Real Estate Credit Investments Ltd

12 October 2022

 

This announcement contains inside information

Date and time of release: 12 October 2022, 7:00 am

Real Estate Credit Investments Limited

Investment Manager Fact Sheet

Real Estate Credit Investments Limited (the "Company"), a non-cellular company incorporated in Guernsey, is pleased to announce that its Investment Manager's monthly Fact Sheet as at 30 September 2022 is now available on the Company's website at:

https://www.recreditinvest.com/investors/fact-sheets/

The highlights of the monthly update are provided below:

• NAV as at 30 September 2022 was £1.483 per share, representing an increase of 0.5p per share from the 31 August 2022 NAV of 1.478 per share.

• The change in NAV per share was due to:-

• 1.0p of interest income; and

• 0.5p of negative mark-to-market ('MTM') adjustments across the bond portfolio, due to volatility in bond markets, in particular the GILT markets, has resulted in persistent forced selling across all fixed income instruments, including CMBS. The selling has resulted in significant mark to market movements across the Company's CMBS portfolio.

• The Company expects to deploy its currently available cash resources in near term commitments and continues to see a growing pipeline of new attractive opportunities.

For further information please contact:

Broker:	Richard Crawley / Darren Vickers (Liberum Capital)	[phone]
Investment Manager:	Richard Lang (Cheyne)	[phone]

-----END------

 

END

 

 

DOCFFAFMFEESESS