Objective
To provide Shareholders with attractive and stable returns, primarily in the form of quarterly dividends, by exposure to a diversified portfolio of real estate credit investments, predominantly comprising real estate loans and bonds.
Management group
Cheyne Capital
Launch date
13/12/2005
Domicile
Guernsey
Fund manager
Ravi Stickney, Richard Lang, Daniel Schuldes, Arron Taggart, Raphael Smadja
Dividend frequency
Four times a year
Wind-up provisions
The Company will continue its business as a closed ended collective investment scheme and a further continuation resolution will be proposed at the AGM to be held in September 2025.
Market Cap (m) Total assets (m) Price (last close) NAV Discount / premium (%) Gearing (%) Dividend yield (%) Dividend dates Ongoing charge (%)
261.28 424.43 116.00 144.51 -19.73 23 10.34 Feb, Jun, Aug, Nov 2.23 (31/03/2023)
Scroll

Dividends

Dividends declared in last 12 months

Ex-Dividend date Payment date Dividend amount Special dividend Financial year
14/03/2024 05/04/2024 3.000 No 2024
07/12/2023 05/01/2024 3.000 No 2024
21/09/2023 13/10/2023 3.000 No 2024
06/07/2023 28/07/2023 3.000 No 2023
Scroll

Performance (%)

Return type 1 year 3 years 5 years 10 years
Real Estate Credit Investments Share price total return -4.8 11.2 4.4 66.9
Property - Debt AIC sector Share price total return 1.4 10.1 3.4 55.0
Scroll

Share structure

Number of shares
225,237,478

Traded volumes (number of shares)

  Yesterday 1 month 1 year 5 years
Total 267,177 11,573,107 83,259,916 388,090,473
Average N/A 556,736 329,300 307,471
Scroll

Traded values (m)

  Yesterday 1 month 1 year 5 years
Total 0.31 13.89 103.90 543.67
Average N/A 0.67 0.41 0.43
Scroll

Trading details

ISIN TIDM Traded currency Stock exchange
GB00B0HW5366 RECI GBX London Stock Exchange - MAIN
Chi-x Europe Limited
London Stock Exchange
Scroll

Top holdings

Data as at : 31/07/2023

Investment % of total assets
Max II 10.0
Colisee 8.3
Hoxton 6.8
Balto 5.7
RS Kensington 5.4
Fusion BXT Senior 4.4
Perseus 4.4
Sabina 4.3
Fulton 2.9
Airport Hotel 1.7

Morningstar logo Data provided by Morningstar.

FE fundinfo logo Company documents provided by FE fundinfo.