Net Asset Value(s)

RNS Number : 7916V

RM Infrastructure Income PLC

16 December 2021

 

RM Infrastructure Income Plc

("RMII" or the "Company")

LEI: 213800RBRIYICC2QC958

Net Asset Value

NAV The NAV % Total Return for the month was +0.13% which takes the NAV % Total Return to +4.57% over the past six months and +11.03% over the past 12 months. The Ordinary Share NAV as at 30th November 2021 was 97.16 pence per Ordinary Share, which is 0.13 pence higher than as at 31st October 2021. This overall gain comprises interest income net of expenses of 0.51 pence per Ordinary Share and a decrease in portfolio valuations of 0.38 pence per Ordinary Share (which includes all credit and currency movements). Summary for November 2021 (pence per share) Net interest income +0.51p Change in portfolio valuations -0.38p Net NAV Movement +0.13p Company Activity The Company's invested portfolio has an aggregate valuation of £130m across 34 investments. The average yield is 8.51% with a weighted average loan life remaining of 2.30 years. Overall, the portfolio is invested across 94% of private markets assets and 6% in public bonds. The portfolio is well positioned with regards to any increase in interest rates as the Investment Manager is focused on creating a portfolio of high yielding and short duration loans that do not hold significant exposure to interest rate movements.  Overall, the month of November was relatively quiet in terms of new investments. The Company had a further scheduled drawdown of c.£0.9m in its core healthcare sector, under one of the portfolio's committed construction facilities for a new purpose-built aged care home. The decrease in portfolio valuation of 0.38 pence per share was entirely driven by the mark down of two loan facilities (loan ref 80 & 79), secured against a Glasgow-based hotel. The property is now expected to be trading during Q2 2022, however delays and well documented inflationary pressures, combined with the uncertainty of the recent Omicron outbreak mean the Investment Manager has taken a cautious approach with regards to the valuation recommendations for this month. In terms of pipeline, the Investment Manager continues to see a compelling set of opportunities within the Company's core sectors and is currently working on two transactions totalling c.£20m.

The Company also announces that the Monthly Report for the period to 31 May 2021 is now available to be viewed on the Company website:

https://rm-funds.co.uk/rm-infrastructure-income/rm-funds-investor-monthly-fact-sheets-2/

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For further information, please contact:

RM Capital Markets Limited - Investment Manager

James Robson

Pietro Nicholls Thomas Le Grix De La Salle

Tel: [phone]

International Fund Management - AIFM

Chris Hickling

Shaun Robert

Tel: [phone]

Tulchan Group - Financial PR

James Macey White

Elizabeth Snow

Tel: [phone]

PraxisIFM Fund Services (UK) Limited - Administrator and Company Secretary

Brian Smith

Ciara McKillop

Tel: [phone]

Singer Capital Markers Advisory LLP - Financial Adviser and Broker

James Maxwell

Asha Chotai

Tel: [phone]

Peel Hunt LLP - Financial Adviser and Broker

Luke Simpson

Liz Yong

Tel: [phone]

About RM Infrastructure Income

RM Infrastructure Income Plc ("RMII" or the "Company") is a closed-ended investment trust established to invest in a portfolio of secured debt instruments.

The Company aims to generate attractive and regular dividends through loans sourced or originated by the Investment Manager with a degree of inflation protection through index-linked returns where appropriate. Loans in which the Company invests are predominantly secured against assets such as real estate or plant and machinery and/or income streams such as account receivables.

For more information, please see

https://rm-funds.co.uk/rm-infrastructure-income/

 

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