Portfolio Update
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RM Infrastructure Income Plc |
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("RMII" or the "Company") |
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LEI: 213800RBRIYICC2QC958 |
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Portfolio Update |
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RMII provides an update on investment loan reference #68, a 79 beds student accommodation located in city centre of Coventry, UK - wholly owned by the Company. The Company has been pursuing a legal claim against the former main contractor since September 2022 via an adjudication process. On the 2nd of January 2024, RMII was successfully awarded circa £1.2m by the adjudicator (or circa 1 pence per ordinary share), with circa 90% of said sums now having been received in cleared funds. Thomas Le Grix de La Salle, Portfolio Manager for RMII "The RM Funds Team have been pro-actively working in recovering value for our shareholders, and after many months of hard work it is very pleasing to be able to deliver a positive outcome for our shareholders."
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For further information, please contact:
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RM Infrastructure Income PLC RMInfraCoSecmailbox@apexfs.group |
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Norman Crighton |
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Singer Capital Markers Advisory LLP 020 7496 3000 |
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James Maxwell |
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Asha Chotai |
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