Real Estate Credit Investments Limited (RECI)

Category Other Bond

This investment trust can be held in an Investment ISA, SIPP and Investment Account
Some Investment Trusts include direct costs as part of their Ongoing charge, such as the annual management charge. For those that show Ongoing charges as 0% please review the investment literature for details on the charges that will apply. The Financial Conduct Authority will review this in 2025.

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Sell

123.50p

Buy

124.50p

arrow-down-1.00p (-0.81%)

Discount/Premium

-13.64%

Estimated NAV

143.592p

Prices updated at 14 Mar 2025, 16:35 GMT
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Prices in GBX

Investment objective
The Investment Objective of the Company is to provide Shareholders with attractive and stable returns, primarily in the form of quarterly dividends. The Company invests in real estate debt secured by commercial real estate in Western Europe, focusing primarily on the United Kingdom and France.

arrow-up1.11%
LSE

Important notice: This product is based overseas and is not subject to UK sustainable investment labelling and disclosure requirements. Please refer to the FCA website which details further information in relation to sustainability disclosure requirements for retail clients.

Company name
Cheyne Capital Management Ltd
Legal structure
Closed Ended Investment Company
Domicile
Guernsey
Fiscal year end
31 Mar 2025
Launch date
13 Dec 2005
Lead manager
Ravi Stickney
Lead manager start date
19 Oct 2015
Lead fund manager biography
Ravi Stickney joined Cheyne in 2008, and is responsible for managing a portfolio of €500 million in direct commercial real estate mezzanine loans and CMBS spread across the UK and Europe. Previously he was on ING Bank's proprietary investments desk, with sole responsibility for managing a €400 million long / short portfolio of predominantly subordinate interests in European commercial real estate loans and CMBS. Prior to that, he was at Lehman Brothers, structuring and executing UK and European CMBS/RMBS and commercial real estate B loans and mezzanine loans. He acted as sole operating advisor to the restructuring and eventual sale of the first distressed UK CMBS deal. He continues to play an active role in the direction of various distressed European real estate loans. He began his career on the UK commercial real estate desk at Ernst & Young. He serves on the Executive Committee of the Commercial Mortgage Securities Association in Europe.
Head office
Stornoway House
13 Cleveland Row
London
United Kingdom
SW1A 1DH
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