TIDMRMII TIDMTTM

RNS Number : 6573Z

RM Infrastructure Income PLC

16 September 2022

 
                               RM Infrastructure Income Plc 
 
                                ("RMII" or the "Company") 
 
                                LEI: 213800RBRIYICC2QC958 
 
                                     Net Asset Value 
 
       NAV 
        The NAV % Total Return for the month was +0.49%, which takes 
        the NAV % Total Return to +3.27% over the past six months, and 
        +3.76% over the past 12 months. 
        The NAV as of 31(st) August 2022 was 94.70 pence per Ordinary 
        Share, which was 0.46 pence higher than at 31(st) July 2022. 
        This overall gain comprised interest income net of expenses of 
        +0.60 pence per Ordinary Share and a decrease in portfolio valuations 
        of 0.14 pence per Ordinary Share  Summary for August 2022 (pence 
                     per share) 
         Net interest income        +0.60p 
         Change in portfolio 
          valuations                -0.15p 
         Net NAV Movement           +0.46p 
        ------------------------  -------- 
 
 
        Portfolio Activity 
        At 31(st) August 2022, the Company's invested portfolio had an 
        aggregate valuation of GBP135 million across 37 investments. 
        The average yield was 8.75%, with a weighted average loan life 
        remaining of 1.82 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 month of August 2022 was relatively quiet in terms of new 
        investments with one drawdown: 
         *    Loan Reference 95, Social Infrastructure - Childcare: 
              c.GBP3m drawdown under a senior secured committed 
              facility within the childcare care sub-sector. 
 
 
 
        Update on Loan Reference 68, Student Accommodation Coventry. 
        The building obtained its approvals for occupation and students 
        have started to enter the building. Post month-end a legal claim 
        was lodged against the former main contractor for more than GBP3m, 
        to recover costs spent to rectify the property's defects and 
        the associated loss of income. 
 
 The Company also announces that the Monthly Report for the period 
  to 31 August 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 
 Thomas Le Grix De La Salle 
 Tel: 0131 603 7060 
 
 Sanne Fund Management (Guernsey) Limited - 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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September 16, 2022 02:00 ET (06:00 GMT)

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