TIDMRMII TIDMTTM

RNS Number : 7916V

RM Infrastructure Income PLC

16 December 2021

 
                               RM Infrastructure Income Plc 
 
                                ("RMII" or the "Company") 
 
                                LEI: 213800RBRIYICC2QC958 
 
                                     Net Asset Value 
 
 NAV 
  The NAV % Total Return for the month was +0.13% which takes the 
  NAV % Total Return to +4.57% over the past six months and +11.03% 
  over the past 12 months. 
  The Ordinary Share NAV as at 30(th) November 2021 was 97.16 pence 
  per Ordinary Share, which is 0.13 pence higher than as at 31(st) 
  October 2021. This overall gain comprises interest income net 
  of expenses of 0.51 pence per Ordinary Share and a decrease in 
  portfolio valuations of 0.38 pence per Ordinary Share (which 
  includes all credit and currency movements). 
   Summary for November 2021 (pence 
    per share) 
   Net interest income          +0.51p 
   Change in portfolio 
    valuations                  -0.38p 
   Net NAV Movement             +0.13p 
  --------------------------  -------- 
 
 
  Company Activity 
  The Company's invested portfolio has an aggregate valuation of 
  GBP130m across 34 investments. The average yield is 8.51% with 
  a weighted average loan life remaining of 2.30 years. Overall, 
  the portfolio is invested across 94% of private markets assets 
  and 6% in public bonds. The portfolio is well positioned with 
  regards to any increase in interest rates as the Investment Manager 
  is focused on creating a portfolio of high yielding and short 
  duration loans that do not hold significant exposure to interest 
  rate movements. 
  Overall, the month of November was relatively quiet in terms 
  of new investments. The Company had a further scheduled drawdown 
  of c.GBP0.9m in its core healthcare sector, under one of the 
  portfolio's committed construction facilities for a new purpose-built 
  aged care home. 
  The decrease in portfolio valuation of 0.38 pence per share was 
  entirely driven by the mark down of two loan facilities (loan 
  ref 80 & 79), secured against a Glasgow-based hotel. The property 
  is now expected to be trading during Q2 2022, however delays 
  and well documented inflationary pressures, combined with the 
  uncertainty of the recent Omicron outbreak mean the Investment 
  Manager has taken a cautious approach with regards to the valuation 
  recommendations for this month. 
  In terms of pipeline, the Investment Manager continues to see 
  a compelling set of opportunities within the Company's core sectors 
  and is currently working on two transactions totalling c.GBP20m. 
 
 The Company also announces that the Monthly Report for the period 
  to 31 May 2021 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/ 
 
                                           END 
 
 
   For further information, please contact: 
 RM Capital Markets Limited - Investment Manager 
 James Robson 
 Pietro Nicholls 
  Thomas Le Grix De La Salle 
 Tel: 0131 603 7060 
 
 International Fund Management - AIFM 
 Chris Hickling 
 Shaun Robert 
 Tel: 01481 737600 
 
 Tulchan Group - Financial PR 
 James Macey White 
 Elizabeth Snow 
 Tel: 0207 353 4200 
 
 PraxisIFM Fund Services (UK) Limited - Administrator and Company 
  Secretary 
 Brian Smith 
 Ciara McKillop 
 Tel: 020 4513 9260 
 
 Singer Capital Markers Advisory LLP - Financial Adviser and 
  Broker 
 James Maxwell 
 Asha Chotai 
 Tel: 020 7496 3000 
 
 Peel Hunt LLP - Financial Adviser and Broker 
 Luke Simpson 
 Liz Yong 
 Tel: 020 7418 8900 
 
 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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December 16, 2021 02:00 ET (07:00 GMT)

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