RMII Rm Infrastructure Income Plc

TIDMRMII TIDMTTM

RNS Number : 6032T

RM Infrastructure Income PLC

16 November 2023

 
                               RM Infrastructure Income Plc 
 
                                ("RMII" or the "Company") 
 
                                LEI: 213800RBRIYICC2QC958 
 
                                     Net Asset Value 
  NAV Performance 
   The NAV % Total Return for October 2023 was +0.71%, which takes 
   the NAV % Total Return to +2.46% over the past six months, and 
   +4.97% over the past 12 months. 
   The NAV as at 31(st) October 2023 was 91.17 pence per Ordinary 
   Share, which was 0.64 pence higher than at 30(th) September 2023. 
   This overall gain comprised positive interest income of 0.50 
   pence per Ordinary Share, net of expenses, and an increase in 
   portfolio valuations of 0.15 pence per Ordinary Share. 
   Portfolio Activity 
   As at 31(st) October 2023, the Company's invested portfolio had 
   an aggregate valuation of GBP106 million across 32 investments. 
   The average yield was 10.56%, with a weighted average loan life 
   remaining of circa 1.71 years(10) . Overall, the portfolio is 
   95% invested in private market assets and 5% in public bonds. 
   During the reporting period, investment loans refs #82 and #83 
   were fully prepaid at par. Further, the Company claimed against 
   its CBILS guarantee for investment loans refs #78 and #89, successfully 
   recovering GBP4.4m, in line with expectations. Proceeds of said 
   prepayments and guarantee payments receipts have been utilised 
   in repayment of the Company's leverage. 
   At period end, the Company's RCF remains fully undrawn with the 
   term loan B only having a small outstanding balance of c.GBP0.8m. 
   Post period end, the Company successfully completed on the prepayment 
   of investment loan ref #84. Funds are expected to be partly used 
   to pay down the remaining drawn balance on the term loan B. 
   Update on Managed Wind-Down 
   The Board intends to publish a shareholder circular by the end 
   of November 2023 to convene a general meeting at which it will 
   seek approval from shareholders to the managed wind-down and 
   any related matters required to facilitate an orderly realisation. 
 
 The Company also announces that the Monthly Report for the period 
  to 31 October 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 
 Jenny Thompson 
 
 Tel: 07767102572 
 
 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/ 
 

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November 16, 2023 02:00 ET (07:00 GMT)

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