Net Asset Value(s)

RM Infrastructure Income PLC

20 November 2024

 

RM Infrastructure Income Plc

("RMII" or the "Company")

LEI: 213800RBRIYICC2QC958

Net Asset Value

NAV Performance The NAV % Total Return for October 2024 was -0.79%, which takes the NAV % Total Return to 2.53% over the past six months, and 2.70% over the past 12 months. The NAV as at 31st October 2024 was 87.04 pence per Ordinary Share, which was 0.691 pence lower than at 30th September 2024. This minor reduction in NAV was predominantly driven by the increase in discount rates for investment loan Ref #73 and Ref #39, respectively. Post period end, a short-term 6 months extension was provided to investment loan Ref #73, with said extension resulting in a higher discount rate to reflect the increased timing repayment risk. Regarding investment loan Ref #39, the discount rate was adjusted upwards to reflect a weaker trading environment for the German automobile sector. These negative valuation adjustments for the month of October 2024 were balanced by a positive interest income of 0.325 pence per Ordinary Share, net of expenses. Portfolio Activity As at 31st October 2024, the Company's invested portfolio had an aggregate nominal outstanding of circa £86 million across 20 investments. The average yield was 12.03%, with a weighted average loan life remaining of circa 0.81 years10. Overall, the portfolio is 94% invested in private market assets and 6% in public bonds. Cash balances at end of October 2024 stood at circa £4.3m 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 hold sufficient funds for corporate purposes. Further and post period end, RM successfully recovered c.£6m for investment loans Ref #80 and Ref #92, in line with previous assumptions shared with Shareholders and slightly ahead of the book value.

The Company also announces that the Monthly Report for the period to 31st October 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. On 20 December 2023, shareholders approved the implementation of the Managed Wind-down of the Company. Accordingly, the Company's investment objective was restated as follows: "The Company aims to conduct an orderly realisation of the assets of the Company, to be effected in a manner that seeks to achieve a balance between returning cash to Shareholders promptly and maximising value."

For more information, please see

https://rm-funds.co.uk/rm-infrastructure-income/

 

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