Net Asset Value(s)

RNS Number : 6573Z

RM Infrastructure Income PLC

16 September 2022

 

RM Infrastructure Income Plc

("RMII" or the "Company")

LEI: 213800RBRIYICC2QC958

Net Asset Value

NAV The NAV % Total Return for the month was +0.49%, which takes the NAV % Total Return to +3.27% over the past six months, and +3.76% over the past 12 months. The NAV as of 31st August 2022 was 94.70 pence per Ordinary Share, which was 0.46 pence higher than at 31st July 2022. This overall gain comprised interest income net of expenses of +0.60 pence per Ordinary Share and a decrease in portfolio valuations of 0.14 pence per Ordinary Share Summary for August 2022 (pence per share) Net interest income +0.60p Change in portfolio valuations -0.15p Net NAV Movement +0.46p Portfolio Activity   At 31st August 2022, the Company's invested portfolio had an aggregate valuation of £135 million across 37 investments. The average yield was 8.75%, with a weighted average loan life remaining of 1.82 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 month of August 2022 was relatively quiet in terms of new investments with one drawdown: · Loan Reference 95, Social Infrastructure - Childcare: c.£3m drawdown under a senior secured committed facility within the childcare care sub-sector. Update on Loan Reference 68, Student Accommodation Coventry. The building obtained its approvals for occupation and students have started to enter the building. Post month-end a legal claim was lodged against the former main contractor for more than £3m, to recover costs spent to rectify the property's defects and the associated loss of income.

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

Thomas Le Grix De La Salle

Tel: [phone]

Sanne Fund Management (Guernsey) Limited - 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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