Net Asset Value(s)

RM Infrastructure Income PLC

16 August 2024

 

RM Infrastructure Income Plc

("RMII" or the "Company")

LEI: 213800RBRIYICC2QC958

Net Asset Value

NAV Performance The NAV % Total Return for July 2024 was 1.00%, which takes the NAV % Total Return to 2.36% over the past six months, and 3.46% over the past 12 months. The NAV as at 31st July 2024 was 88.71 pence per Ordinary Share, which was 0.88 pence higher than at 30th June 2024. This overall gain comprised positive interest income of 0.47 pence per Ordinary Share, net of expenses, and an increase in portfolio valuations of 0.40 pence per Ordinary Share led by discount rate movements. Portfolio Activity As at 31st July 2024, the Company's invested portfolio had an aggregate nominal outstanding of circa £90.6 million across 23 investments. The average yield was 11.66%, with a weighted average loan life remaining of circa 1.23 years. Overall, the portfolio is 95% invested in private market assets and 5% in public bonds. During the month, Investment Loans ref 95a & 95b were repaid in full at par, c.£2.8m, well in advance of their respective legal maturities of June 2027. Investment Loan ref 76 drew down its remaining committed balance of £255k. Cash balance at end of July stood at circa £18.25m of which circa £1.5m will be retained by the Company largely to fund committed facilities which have yet to be drawn as well as to retain required working capital.  The Company confirmed the most appropriate and effective method to return capital to shareholders would be via tender offers. Each tender offer will be subject to shareholder approval at a general meeting, including for the initial tender offer. The Board is currently anticipating the first tender offer to occur during H2-2024.

The Company also announces that the Monthly Report for the period to 31st July 2024 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

Jenny Thompson

Tel: [phone]

Singer Capital Markers Advisory LLP - Financial Adviser and Broker

James Maxwell

Asha Chotai

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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