Real Estate Credit Inv. PCC Ltd Notice of Results (4174F)
November 12 2015 - 1:01AM
UK Regulatory
TIDMRECI TIDMRECP TIDMTTM
RNS Number : 4174F
Real Estate Credit Inv. PCC Ltd
12 November 2015
Notice of Results for the Half Year Ended 30 September 2015
Real Estate Credit Investments PCC Limited
Real Estate Credit Investments PCC Limited (the "Company"), a
closed-ended protected cell company incorporated in Guernsey, will
be announcing its results for the half year ended 30 September 2015
on Friday, 27 November 2015. 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 + 44 (0)20 3059
8125 ten minutes prior to the scheduled start of the call. Please
reference Real Estate Credit Investments PCC Limited.
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: James MacFarlane +44 (0)20 3540 6455
Investor Relations: Nicole von Westenholz +44 (0)20 7968
7482
About the Company
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 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 RECI
(RECP) Preference Shares are 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'. The trading of the Cell Shares
on the Specialist Funds Market of the London Stock Exchange (ticker
ERII LN) was cancelled at the end of 2014 following the realization
of ERII's substantive assets. There is one Residual Income Position
remaining as at 30 September 2015. That position has been held at
zero value since ERII was created.
This announcement includes statements that are, or may be deemed
to be, "forward-looking statements". These forward-looking
statements can be identified by the use of forward-looking
terminology, including the terms "believes", "forecasts",
"estimates", "anticipates", "expects", "intends", "considers",
"may", "will" or "should". By their nature, forward-looking
statements involve risks and uncertainties and readers are
cautioned that any such forward-looking statements are not
guarantees of future performance. The Company's actual results and
performance may differ materially from the impression created by
the forward-looking statements and should not be relied upon. The
Company undertakes no obligation to publicly update or revise
forward-looking statements, except as may be required by applicable
law and regulation (including the Listing Rules). Past performance
of the Company cannot be relied on as a guide to future performance
. In this section, unless otherwise defined, capitalised terms have
the meaning given to them in the Company's prospectus dated 16
October 2013.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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