Net Asset Value(s)

RNS Number : 8887J

RM Infrastructure Income PLC

16 December 2022

 

RM Infrastructure Income Plc

("RMII" or the "Company")

LEI: 213800RBRIYICC2QC958

Net Asset Value

NAV & Share price performance The NAV % Total Return for the month was +0.35%, which takes the NAV % Total Return to +1.55% over the past six months, and +3.08% over the past 12 months. The NAV as at 30th November 2022 was 93.50 pence per Ordinary Share, which was 0.33 pence higher than at 31st October 2022. This overall gain comprised positive interest income net of expenses of 0.49 pence per Ordinary Share and a decrease in portfolio valuations of 0.16 pence per Ordinary Share. Portfolio Update As at 30th November 2022, the Company's invested portfolio had an aggregate valuation of £131 million across 37 investments. The average yield was 9.02%, with a weighted average loan life remaining of 1.54 years. Overall, the portfolio is 96% invested in private market assets and 4% 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 November 2022 saw three repayments, all at par value: · Loan Ref 62 - Energy Efficiency for c.£350k · Loan Ref 67 - Hotel & Leisure for £950k · Loan Ref 96 - Energy Efficiency for £70k Post period-end, the company completed on transaction Loan Ref 97 - Healthcare, a c.£6m senior secured aged care development facility. This loan has been structured with a floating rate coupon linked to the Bank of England base rate which offers a current cash yield of more than 11.3%. Furthermore, post month end the Company received two further repayments. · Loan Ref 64 - Asset backed lending, in line with our previous comments regarding the desire to divest the Company's asset-backed lending Loans, the Company saw the full prepayment of all outstanding debt of £2.75m. · Loan Ref 91 - Childcare & Education, £1.55m prepayment leaving c.£450k of invested capital with significant collateral.

The Company also announces that the Monthly Report for the period to 30 November 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]

FundRock Management Company (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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