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  "notes": "The slide compares 'Pre First Disposal' vs 'Post First Disposal' metrics for Borrowing Policy and RCF LTV Covenant.",
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      "text": "Borrowing Policy limit calculated at the time of drawdown therefore a reduction in NAV will not trigger a breach of Borrowing Policy. The RCF valuation is specifically prepared for the RCF banking syndicate based on a set of assumptions that reflect an immediate sale of the portfolio in order to provide maximum loan security.",
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