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Real Est Crd Inv Ltd (RECI)

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Friday 10 June, 2011

Real Est Crd Inv Ltd

Disposal

RNS Number : 2690I
Real Estate Credit Investments Ltd
10 June 2011
 



10 June 2011

 

 

Real Estate Credit Investments Limited (the "Company")

 

The Company is pleased to announce a significant reduction in the exposure to UK mortgage residual income investments following the successful sale of the RMAC 2004 NSP4 plc, RMAC 2005 NS3 plc and RMAC 2005 NS4 plc UK mortgage residual income investments.

 

The following table shows updated balance sheet positions taking into account the sale of the RMAC assets:

 

Bonds (as at 31 May 2011 and purchases to 10 June 2011)                       EUR 79,979,800

Remaining Residual Income Positions (using 31 Dec 2010 values)              EUR 37,144,660

Cash Balances  (as at 10 June 2011)                                                       EUR 27,432,634

 

 


 

 

For further information please contact:

 

Public Relations:            James Wallis                 +44 (0) 20 7920 2329

                                    Kate Ruck Keene            +44 (0) 20 7920 2322

Investor Relations:          Natalie Withers               +44 (0) 20 7968 7348

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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