RM Infrastructure Income PLC Net Asset Value(s) (7791B)
16 Febrero 2022 - 01:00AM
UK Regulatory
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
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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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