We will be hosting a webinar on Hardman Talks featuring Ravi Stickney of Real Estate Credit Investments (RECI), hosted by Mark Thomas of Hardman & Co.
Ravi will offer an insight into RECI’s performance over the previous 12 months and share their objectives for the portfolio as we emerge from the pandemic, followed by a moderated Q&A session, live on Zoom at 3pm on Wednesday 28 April 2021. Sign up now for your place.
Real Estate Credit Investments (RECI) is a closed-ended investment company that aims to deliver a stable quarterly dividend via a levered exposure to real estate credit investments, primarily in the UK and France.
RECI generates an above-average dividend yield from well-managed credit assets. Management has confirmed no change to dividend policy, showing its confidence in its sustainability. Bond pricing includes a discount, reflecting uncertainty, which should unwind when conditions normalise. Market-wide credit risk is currently above average, but RECI’s strong liquidity and debt restructuring expertise should allow it time to manage problem accounts. Borrowers have, to date, injected further equity into deals.
You can send us your questions when you register or during the presentation.
Read our latest report on Real Estate Credit Investments here.