Notice of Results

RNS Number : 2298X

Real Estate Credit Inv. PCC Ltd

18 November 2014

 



 Notice of Results for the Second Quarter Ended 30 September 2014

Real Estate Credit Investments PCC Limited

London, 18^th November 2014 - Real Estate Credit Investments PCC Limited (LSE: RECI, RECP, ERII) will be announcing its results for the second quarter ended 30 September 2014 on Friday, 28 November 2014. There will be a conference call at 10.30 A.M. for investors and analysts following the 7.00 A.M. announcement.

The conference call can be accessed by dialing [phone] ten minutes prior to the scheduled start of the call.  Please reference Real Estate Credit.

A results presentation will be available on the Real Estate Credit Investments PCC Limited website (www.recreditinvest.com).

A webcast of the conference call will also be available on a listen-only basis at www.recreditinvest.com.  Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast. A replay of the webcast will be available for three months following the call.

For further information please contact:

Public Relations:

Henrietta Dehn [phone]

About Real Estate Credit Investments PCC Limited:

Real Estate Credit Investments PCC Limited is a protected cell company (the "Company"), being a cellular company governed by the Companies (Guernsey) Law 2008, comprising a core segment (the "Core" or "RECI") and a cell segment (the "Cell" or "ERII") each of which has its own portfolio of assets, investment objective and sub-section of the Company's Investment Policy.

The RECI Ordinary Shares (ticker RECI LN) reflect the performance of the Company's Core real estate debt strategy.  The RECI Ordinary Shares are currently listed on the premium segment of the Official List of the UK Listing Authority and trade on the Main Market of the London Stock Exchange plc. RECI Ordinary Shares offer investors a levered exposure to a portfolio of real estate credit investments and aim to pay a quarterly dividend.   Such leverage is provided by the RECI Preference Shares (ticker RECP) which confer the right to a preferential cumulative preference dividend (which is an amount in Sterling equal to 8 per cent per annum of the Preference Share Notional Value) payable quarterly on each Payment Date. The RECP Preference Shares are currently listed on the standard segment of the Official List of the UK Listing Authority and trade on the Main Market of the London Stock Exchange plc.

The real estate debt strategy focuses on secured residential and commercial debt in the UK and Western Europe, seeking to exploit opportunities in publicly traded securities and real estate loans.  In making these investments the Company uses the expertise and knowledge of its investment manager, Cheyne Capital Management (UK) LLP. The Company has adopted a long term strategic approach to investing and focuses on identifying value. 

The cell within the Company is known as 'European Residual Income Investments Cell' or 'ERII' (ticker ERII LN). The Cell Shares trade on the Specialist Fund Market of the London Stock Exchange plc. Seven Residual Income Positions are attributed to ERII. Dividends or distributions will only be payable from ERII to the extent that the asset cover ratio (the Preference Share Cover Test) for the RECI Preference Shares is satisfied at the Company level.  

 

END

 

 

NORMMMMMKNZGDZM