TIDMRMII TIDMTTM

RNS Number : 4172J

RM Infrastructure Income PLC

16 August 2023

 
                               RM Infrastructure Income Plc 
 
                                ("RMII" or the "Company") 
 
                                LEI: 213800RBRIYICC2QC958 
 
                                     Net Asset Value 
 
  NAV Performance 
   The NAV % Total Return for July 2023 was +0.57%, which takes 
   the NAV % Total Return to +2.56% over the past six months, and 
   +4.92% over the past 12 months. 
   The NAV as at 31(st) July 2023 was 92.20 pence per Ordinary Share, 
   which was 0.52 pence higher than at 30(th) June 2023. This overall 
   gain comprised positive interest income of 0.60 pence per Ordinary 
   Share, net of expenses, and a decrease in portfolio valuations 
   of 0.08 pence per Ordinary Share. 
   Portfolio Activity 
   As at 31(st) July 2023, the Company's invested portfolio had 
   an aggregate valuation of GBP122 million across 38 investments. 
   The average yield was 10.09%, with a weighted average loan life 
   remaining of circa 1.80 years(10) . 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. 
   Update on Strategic Review 
   On 11(th) August 2023, GCP Infrastructure Income Limited ("GCP 
   Infra") announced a proposed combination with GCP Asset Backed 
   Income Fund Limited, and separate ongoing discussions with RMII 
   regarding a potential combination. 
   On the same day, the Board of RMII confirmed that it had received 
   a proposal from GCP Infra regarding a potential partial combination, 
   to be effected by way of a scheme of construction of RMII, and 
   the associated transfer of certain assets of RMII to GCP Infra, 
   in exchange for the issue of new shares in GCP Infra to RMII 
   shareholders. It is expected that RMII's existing CBIL assets 
   would not be subject to the potential combination and would remain 
   in RMII, to be realised in a timely and effective manner for 
   RMII shareholders. 
   The Company is also considering one other proposal that it has 
   received, highlighted in the announcement on 31 July 2023, however 
   at this time there remains no certainty that either of the proposals 
   received will develop into a recommendable transaction. 
   The Company continues to assess both proposals and will update 
   RMII Shareholders as appropriate. 
 
 The Company also announces that the Monthly Report for the period 
  to 31 July 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 
 Ciara McKillop 
 
 Tel: 020 3327 9720 
 
 Singer Capital Markers Advisory LLP - Financial Adviser and 
  Broker 
 James Maxwell 
 Asha Chotai 
 Tel: 020 7496 3000 
 
 
 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/

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NAVQELFFXVLLBBL

(END) Dow Jones Newswires

August 16, 2023 02:00 ET (06:00 GMT)

Rm Infrastructure Income (LSE:RMII)
Gráfica de Acción Histórica
De Abr 2024 a May 2024 Haga Click aquí para más Gráficas Rm Infrastructure Income.
Rm Infrastructure Income (LSE:RMII)
Gráfica de Acción Histórica
De May 2023 a May 2024 Haga Click aquí para más Gráficas Rm Infrastructure Income.