RMII Rm Infrastructure Income Plc

TIDMRMII TIDMTTM

RNS Number : 0344P

RM Infrastructure Income PLC

16 June 2022

 
                               RM Infrastructure Income Plc 
 
                                ("RMII" or the "Company") 
 
                                LEI: 213800RBRIYICC2QC958 
 
                                     Net Asset Value 
 
             NAV 
              The NAV % Total Return for the month was +0.30%, which takes 
              the NAV % Total Return to +1.52% over the past six months, and 
              +6.15% over the past 12 months. 
              The NAV as of 31(st) May 2022 was 95.32 pence per Ordinary Share, 
              which was 0.28 pence higher than at 30(th) April 2022. This overall 
              gain comprised interest income net of expenses of +0.52 pence 
              per Ordinary Share and a decrease in portfolio valuations of 
              0.24 pence per Ordinary Share (which included all credit and 
              currency movements). 
                Summary for May 2022 (pence 
                         per share) 
               Net interest income     +0.52p 
               Change in portfolio 
                valuations             -0.24p 
               Net NAV Movement        +0.28p 
              ----------------------  ------- 
 
 
              Portfolio Activity 
              At 31(st) May 2022, the Company's invested portfolio had an aggregate 
              valuation of GBP131.2 million across 34 investments. The average 
              yield was 8.60%, with a weighted average loan life remaining 
              of 2.00 years. Overall, the portfolio is 94% invested in private 
              market assets and 6% in public bonds. 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, ensures the portfolio remains well positioned against 
              any further interest rate increases by global central banks. 
              The portfolio has no direct exposure to Russia or Ukraine. 
              The month of May 2022 saw three transactions made up of two further 
              drawdowns to existing facilities and one new loan: 
               *    Ref 88 Healthcare, Care Home: GBP620,000 drawdown 
                    under a committed facility within the aged care 
                    sub-sector. 
 
 
               *    Ref 52 Clean Energy, Renewable Heat Incentive: 
                    GBP400,000 drawdown secured against Renewable Heat 
                    Incentive (RHI) cash flows. 
 
 
               *    Ref 94.a Healthcare, Health and Well-being: 
                    GBP350,000 term loan RLS facility within the 
                    Company's Health & Well-being sub-sector. 
 
 
 
              There was one partial repayment during the month, with Trent 
              Capital (Ref 62) repaying GBP392,500. 
              The Investment Manager continues to undertake due diligence and 
              is structuring several pipeline opportunities within RMII's core 
              investment sectors, which are expected to reach completion shortly. 
              As previously communicated the coupon on these loans will be 
              linked to the Bank of England Base Rate or SONIA interest rate 
              benchmark, thus extending the portfolio maturity without increasing 
              duration. 
 
 The Company also announces that the Monthly Report for the period 
  to 31 May 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 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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June 16, 2022 02:00 ET (06:00 GMT)

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