Net Asset Value(s)

RNS Number : 0483Q

RM Infrastructure Income PLC

16 February 2023

 

RM Infrastructure Income Plc

("RMII" or the "Company")

LEI: 213800RBRIYICC2QC958

Net Asset Value

NAV Performance The NAV % Total Return for January 2023 was +0.66%, which takes the NAV % Total Return to +2.30% over the past six months, and +5.45% over the past 12 months. The NAV as at 31st January 2023 was 93.10 pence per Ordinary Share, which was 0.608 pence higher than at 31st December 2022. This overall gain comprised positive interest income net of expenses of 0.611 pence per Ordinary Share and a decrease in portfolio valuations of 0.003 pence per Ordinary Share. Portfolio Update As at 31st January 2023, the Company's invested portfolio had an aggregate valuation of £126 million across 38 investments. The average yield was 9.26%, with a weighted average loan life remaining of 1.41 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 redeployment of capital at higher yields is now starting to have a positive impact on the Company's net interest income, with current run rate income exceeding the net interest income requirement for the annual dividend target. Looking ahead at 2023, on the current run rate basis, which is expected to be maintained, the portfolio is forecast to generate a net interest income of more than 7 pence per share.

The Company also announces that the Monthly Report for the period to 31 January 2023 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]

Apex Listed Companies 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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