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Real Estate Credit maintains dividend

Real Estate Credit maintains dividend

Real Estate Credit Investments recorded net profit of GBP8.5 million and NAV total return of 7.2% over the year to the end of March 2016. The dividend has been maintained at 10.8p.

During the year, RECI made four new loans with commitments of GBP17 million. Since 31 March 2016 RECI has invested a further GBP4.3m in loans. The drawn fair value of the loan portfolio has increased from GBP87 million at 31 March 2015 to GBP113 million as at 31 March 2016.

RECI : Real Estate Credit maintains dividend

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