TIDMRECI

RNS Number : 5654I

Real Estate Credit Investments Ltd

08 August 2023

8 August 2023

Real Estate Credit Investments Limited

Investment Manager's Q1 Investor Presentation

Real Estate Credit Investments Limited ("RECI" or "the Company") is pleased to announce that the Investment Manager's Q1 Investor Presentation is now available on the Company's website at:

https://realestatecreditinvestments.com/investors/results-reports-and-presentations/#currentPage=1

An extract from the Summary section of the presentation is set out for investors in the Appendix to this announcement.

For further information, please contact:

 
                       Richard Crawley / Edward Mansfield    +44 (0)20 3100 
 Broker:                (Liberum Capital)                     2222 
                                                             +44 (0)20 7968 
 Investment Manager    Richard Lang (Cheyne)                  7328

Appendix: Q1 Investor Presentation Extract

Key Quarter Updates

   --    Portfolio 
 
 *    Total NAV Return for the quarter: +2.0% 
 
 *    No defaults in the portfolio 
 
 
      *    Rotation of market bond portfolio into strong senior 
           loans with attractive returns 
 
      *    During the quarter, two UK loans and one Portuguese 
           loan fully repaid, realising net proceeds of GBP28.2m, 
           and providing headroom to invest in new deals at 
           enhanced IRRs 
 
   --    Cash 
 
 
      *    Cash reserves remain targeted at between 5% to 10% of 
           NAV 
 *    As at 30 June 2023, cash was GBP27.8m. 
 
 
   --    Dividend 
 
 
      *    Dividends maintained at 3p per quarter, 9.5% yield, 
           based on share price, as at 30 June 2023 
 *    Dividend predominantly covered by interest income 
 
 
   --    Opportunities 
 
 
      *    The present macroeconomic backdrop is set to continue 
           through 2023, resulting in further constraints in 
           bank lending and alternative sources of capital. The 
           opportunity to provide senior loans at low risk 
           points, for higher margins, is increasingly evident 
 
      *    The Company expects to deploy its currently available 
           cash resources to its near term commitments and 
           towards a compelling emerging opportunity set in 
           senior loans

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