TIDMRMII TIDMTTM

RNS Number : 7791B

RM Infrastructure Income PLC

16 February 2022

 
                               RM Infrastructure Income Plc 
 
                                ("RMII" or the "Company") 
 
                                LEI: 213800RBRIYICC2QC958 
 
                                     Net Asset Value 
 
       NAV 
        The NAV % Total Return for the month was +0.20% which takes the 
        NAV % Total Return to +3.87% over the past six months and +9.17% 
        over the past 12 months. 
        The Ordinary Share NAV as at 31(st) January 2022 was 96.04 pence 
        per Ordinary Share, which is 0.19 pence higher than as at 31(st) 
        December 2021. This overall gain comprises interest income net 
        of expenses of +0.369 pence per Ordinary Share and a decrease 
        in portfolio valuations of 0.179 pence per Ordinary Share (which 
        includes all credit and currency movements).    Summary for January 2022 
                (pence per share) 
         Net interest income    +0.369p 
         Change in portfolio 
          valuations            -0.179p 
         Net NAV Movement        +0.19p 
        ---------------------  -------- 
 
 
        Company Activity 
        At 31 January 2022, the Company's invested portfolio had an aggregate 
        valuation of GBP128 million across 33 investments. The average 
        yield was 8.46% with a weighted average loan life remaining of 
        2.31 years. Overall, the portfolio is invested across 94% of 
        private markets assets and 6% in public bonds. With regards to 
        any further interest rate increases by global central banks, 
        the portfolio remains well positioned through 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. 
        The first month of 2022 was moderately active in terms of repayments 
        and new investments: 
         *    Two further scheduled drawdowns totalling 
              approximately GBP0.95 million under the Company's two 
              committed construction facilities for new 
              purpose-built aged care homes (ref. 88 & 83). One of 
              the properties reached practical completion at the 
              end of Q4-2021 and is expected to commence trading at 
              the end of Q1-2022, with the other care home property 
              facing no delays to its expected completion date and 
              remains on budget. 
 
 
         *    Elysium Healthcare (ref.6 in previous factsheets) 
              repaid its GBP TLB, with the Company receiving its 
              nominal outstanding of GBP4.5 million in full. 
 
 
         *    Voyage Care (ref.15&16 in previous factsheets), which 
              during the reporting month was acquired by London 
              based infrastructure investment manager, Wren House, 
              refinanced its senior & junior secured bonds, with 
              the Company receiving its nominal outstanding of 
              GBP7.5 million, which was directly reinvested in the 
              newly issued senior secured bonds issued by Voyage 
              Care. 
 
 
        The Company's cash position remains robust with approximately 
        GBP10 million of available capacity under its RCF. 
 
 The Company also announces that the Monthly Report for the period 
  to 31 Jan 2022 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 
 Elizabeth Snow 
 Oliver Norgate 
 Tel: 0207 353 4200 
 
 Sanne Fund Services (UK) Limited - Administrator and Company 
  Secretary 
 Brian Smith 
 Ciara McKillop 
 Tel: 020 3327 9720 
 
 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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END

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February 16, 2022 02:00 ET (07:00 GMT)

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