RMII Rm Infrastructure Income Plc

TIDMRMII TIDMTTM

RNS Number : 8887J

RM Infrastructure Income PLC

16 December 2022

 
                               RM Infrastructure Income Plc 
 
                                ("RMII" or the "Company") 
 
                                LEI: 213800RBRIYICC2QC958 
 
                                     Net Asset Value 
 
       NAV & Share price performance 
        The NAV % Total Return for the month was +0.35%, which takes 
        the NAV % Total Return to +1.55% over the past six months, and 
        +3.08% over the past 12 months. 
        The NAV as at 30(th) November 2022 was 93.50 pence per Ordinary 
        Share, which was 0.33 pence higher than at 31(st) October 2022. 
        This overall gain comprised positive interest income net of expenses 
        of 0.49 pence per Ordinary Share and a decrease in portfolio 
        valuations of 0.16 pence per Ordinary Share. 
        Portfolio Update 
        As at 30(th) November 2022, the Company's invested portfolio 
        had an aggregate valuation of GBP131 million across 37 investments. 
        The average yield was 9.02%, with a weighted average loan life 
        remaining of 1.54 years. Overall, the portfolio is 96% invested 
        in private market assets and 4% 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 November 2022 saw three repayments, all at par value: 
         *    Loan Ref 62 - Energy Efficiency for c.GBP350k 
 
 
         *    Loan Ref 67 - Hotel & Leisure for GBP950k 
 
 
         *    Loan Ref 96 - Energy Efficiency for GBP70k 
 
 
        Post period-end, the company completed on transaction Loan Ref 
        97 - Healthcare, a c.GBP6m senior secured aged care development 
        facility. This loan has been structured with a floating rate 
        coupon linked to the Bank of England base rate which offers a 
        current cash yield of more than 11.3%. 
        Furthermore, post month end the Company received two further 
        repayments. 
         *    Loan Ref 64 - Asset backed lending, in line with our 
              previous comments regarding the desire to divest the 
              Company's asset-backed lending Loans, the Company saw 
              the full prepayment of all outstanding debt of 
              GBP2.75m. 
 
 
         *    Loan Ref 91 - Childcare & Education, GBP1.55m 
              prepayment leaving c.GBP450k of invested capital with 
              significant collateral. 
 
 The Company also announces that the Monthly Report for the period 
  to 30 November 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 
 
 FundRock Management Company (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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December 16, 2022 02:00 ET (07:00 GMT)

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