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Liberum acts as Sole Bookrunner on £78m fundraising for Real Estate Credit Investments Limited

31 May 2019 | Sole Bookrunner

RECI

We are pleased to announce that Liberum acted as Sole Bookrunner on a Placing to raise £78m for Real Estate Credit Investments through the issue of 45,882,353 shares at 170p.

The proceeds of the placing are to be invested in debt secured by commercial or residential properties in the United Kingdom and Western Europe. RECI is a closed-ended investment company, externally managed by Cheyne Capital Management (UK) LLP. To achieve their investment objective of attractive and stable returns, primarily in the form of quarterly dividends, the Company invests in real estate credit secured by commercial or residential properties in the United Kingdom, France and Germany.

As at April 30 2019, RECI had an investment portfolio of 49 positions, with a value of £312m.

Liberum Team

Board  Shane Le Prevost

Investment Banking  Richard Crawley, Richard Bootle, William Hall, Laura Hamilton

General Counsel – Rebecca Gordon 

Sales  Andrew Davies, Anastasia Mikhailova, Jack Kershaw

Research  Conor Finn

Corporate and Investor Relations – Natalie Clarke

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