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The information contained herein and on the pages that follow may contain forward-looking statements. Any statement other than a statement of historical fact is a forward-looking statement. Actual results may differ materially from those expressed or implied by any forward-looking statement. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on any forward-looking statement, which speaks only as of the date of its issuance.
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1.2. The “Company” means Real Estate Credit Investments Limited and any of its subsidiaries and related companies and references to the “Company’s website” are to any of the Company’s websites and also include, but are not limited to, the text, images, links, sounds, graphics and video sequences displayed in such websites (the “Materials”).
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We gave a detailed review of RECI in our initiation, 7%+ yield from well-secured property debt portfolio, published on 28 August. In summary, RECI pays investors a high dividend yield covered by predictable income streams, generated by a diversified portfolio of real-estate-backed debt. Its credit record has been exemplary. In the report, we detailed the procedures that delivered this performance. The superior revenue yield is generated, inter alia, from service skills, one of many synergies obtained from having Cheyne Capital as the manager. Corporate governance appears robust. RECI is exposed to the credit cycle, some of its loan assets may prove illiquid, and the (modest) gearing is low-cost but short-term.
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