TIDMRMII TIDMTTM

RNS Number : 9190C

RM Infrastructure Income PLC

16 June 2023

 
                               RM Infrastructure Income Plc 
 
                                ("RMII" or the "Company") 
 
                                LEI: 213800RBRIYICC2QC958 
 
                                     Net Asset Value 
 
  NAV Performance 
   The NAV % Total Return for May 2023 was +0.46%, which takes the 
   NAV % Total Return to +2.57% over the past six months, and +4.15% 
   over the past 12 months. 
   The NAV as at 31(st) May 2023 was 92.62 pence per Ordinary Share, 
   which was 0.43 pence higher than at 30(th) April 2023. This overall 
   gain comprised positive interest income of 0.54 pence per Ordinary 
   Share, net of expenses, and a decrease in portfolio valuations 
   of 0.11 pence per Ordinary Share. 
   A dividend of 1.625 pence per ordinary share was declared during 
   the month and the ex-dividend date was 1(st) June 2023. 
   Portfolio Update 
   As at 31(st) May 2023, the Company's invested portfolio had an 
   aggregate valuation of GBP122 million across 37 investments. 
   The average yield was 9.79%, with a weighted average loan life 
   remaining of circa 1.95 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. 
   During the reporting month, portfolio company TR Engineering 
   "Trianco" completed a partnership agreement with Sunamp, the 
   leading thermal storage manufacturer in the UK, enabling Trianco's 
   zero carbon home heating products to be sold alongside Sunamp 
   thermal storage products. This strategic partnership is forecasted 
   to materially increase Trianco's sales. A Term Loan B facility 
   of GBP1m was approved during the month to fund stock requirements 
   resulting from this new partnership agreement. 
   Post period end, a further prepayment of GBP1.5m was received 
   from investment loan ref #60. 
   Finally, during the month the Board, the Company's Advisors and 
   Investment Manager met with a number of shareholders to review 
   the Company strategy and consider future prospects. This process 
   is ongoing, and progress will be communicated to Shareholders 
   shortly. 
 
 The Company also announces that the Monthly Report for the period 
  to 31 May 2023 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 
 Dave Taylor 
 Tel: 01481 737600 
 
 Apex Listed Companies Services (UK) Ltd - 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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June 16, 2023 02:00 ET (06:00 GMT)

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