Net Asset Value(s)

RM Infrastructure Income PLC

16 June 2023

 

RM Infrastructure Income Plc

("RMII" or the "Company")

LEI: 213800RBRIYICC2QC958

Net Asset Value

NAV Performance The NAV % Total Return for May 2023 was +0.46%, which takes the NAV % Total Return to +2.57% over the past six months, and +4.15% over the past 12 months. The NAV as at 31st May 2023 was 92.62 pence per Ordinary Share, which was 0.43 pence higher than at 30th April 2023. This overall gain comprised positive interest income of 0.54 pence per Ordinary Share, net of expenses, and a decrease in portfolio valuations of 0.11 pence per Ordinary Share. A dividend of 1.625 pence per ordinary share was declared during the month and the ex-dividend date was 1st June 2023. Portfolio Update As at 31st May 2023, the Company's invested portfolio had an aggregate valuation of £122 million across 37 investments. The average yield was 9.79%, with a weighted average loan life remaining of circa 1.95 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. During the reporting month, portfolio company TR Engineering "Trianco" completed a partnership agreement with Sunamp, the leading thermal storage manufacturer in the UK, enabling Trianco's zero carbon home heating products to be sold alongside Sunamp thermal storage products.  This strategic partnership is forecasted to materially increase Trianco's sales. A Term Loan B facility of £1m was approved during the month to fund stock requirements resulting from this new partnership agreement. Post period end, a further prepayment of £1.5m was received from investment loan ref #60. Finally, during the month the Board, the Company's Advisors and Investment Manager met with a number of shareholders to review the Company strategy and consider future prospects. This process is ongoing, and progress will be communicated to Shareholders shortly.

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

Dave Taylor

Tel: [phone]

Apex Listed Companies Services (UK) Ltd - 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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