Net Asset Value(s)

RNS Number : 0344P

RM Infrastructure Income PLC

16 June 2022

 

RM Infrastructure Income Plc

("RMII" or the "Company")

LEI: 213800RBRIYICC2QC958

Net Asset Value

NAV The NAV % Total Return for the month was +0.30%, which takes the NAV % Total Return to +1.52% over the past six months, and +6.15% over the past 12 months. The NAV as of 31st May 2022 was 95.32 pence per Ordinary Share, which was 0.28 pence higher than at 30th April 2022. This overall gain comprised interest income net of expenses of +0.52 pence per Ordinary Share and a decrease in portfolio valuations of 0.24 pence per Ordinary Share (which included all credit and currency movements). Summary for May 2022 (pence per share) Net interest income +0.52p Change in portfolio valuations -0.24p Net NAV Movement +0.28p Portfolio Activity   At 31st May 2022, the Company's invested portfolio had an aggregate valuation of £131.2 million across 34 investments. The average yield was 8.60%, with a weighted average loan life remaining of 2.00 years. Overall, the portfolio is 94% invested in private market assets and 6% in public bonds. The Investment Manager's focus on creating a portfolio of high yielding and short duration loans that do not hold significant exposure to interest rate movements, ensures the portfolio remains well positioned against any further interest rate increases by global central banks. The portfolio has no direct exposure to Russia or Ukraine. The month of May 2022 saw three transactions made up of two further drawdowns to existing facilities and one new loan: · Ref 88 Healthcare, Care Home: £620,000 drawdown under a committed facility within the aged care sub-sector. · Ref 52 Clean Energy, Renewable Heat Incentive: £400,000 drawdown secured against Renewable Heat Incentive (RHI) cash flows. · Ref 94.a Healthcare, Health and Well-being: £350,000 term loan RLS facility within the Company's Health & Well-being sub-sector. There was one partial repayment during the month, with Trent Capital (Ref 62) repaying £392,500.  The Investment Manager continues to undertake due diligence and is structuring several pipeline opportunities within RMII's core investment sectors, which are expected to reach completion shortly. As previously communicated the coupon on these loans will be linked to the Bank of England Base Rate or SONIA interest rate benchmark, thus extending the portfolio maturity without increasing duration.

The Company also announces that the Monthly Report for the period to 31 May 2022 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

Elizabeth Snow

Oliver Norgate

Tel: [phone]

Sanne 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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