RM Infrastructure Income PLC Net Asset Value (9897L)
16 Septiembre 2021 - 02:23AM
UK Regulatory
TIDMRMII TIDMTTM
RNS Number : 9897L
RM Infrastructure Income PLC
16 September 2021
RM INFRASTRUCTURE INCOME
("RMII" or the "Company")
LEI: 213800RBRIYICC2QC958
Net Asset Value
RMII announces that its unaudited net asset value per ordinary
share as at 31 August 2021, on a cum income basis, was 97.69
pence (31 July 2021: 95.60 pence).
NAV
The NAV % Total Return for the month was +2.18% which takes the
NAV % Total Return to +6.58% over the past six months and 13.80%
over the past 12 months. The Ordinary Share NAV as of 31st August
2021 was 97.69 pence per Ordinary Share, which is 2.08 pence
higher than on 31(st) July 2021. This overall gain comprises
interest income net of expenses of 0.58 pence per Ordinary Share
and increases in portfolio valuations of 1.50 pence per Ordinary
Share (which includes all credit and currency movements).
Portfolio Activity
As of 31st August, the Company's portfolio consisted of 34 investments
with a weighted average yield of 8.87%. c.46% of the portfolio
was invested within the Company's core sectors; Social & Environmental
infrastructure, an increase from c.35% as of 30th April. Overall,
the portfolio is diversified across 13 sectors and split 85%
fixed rate and 15% floating rate. The portfolio's allocation
at the month end was 79% in bilateral private loans, 15% in syndicated
private loans, 2% in corporate bonds and 4% in a fully owned,
unlevered real estate asset. The portfolio had a weighted average
life of 2.57 years at the month end.
August saw continued credit enhancements as assets recovered,
which led to a significant revaluation of some loans that had
been marked lower during the Covid pandemic. These businesses
have, in the most part, displayed continued robust operational
performance throughout the pandemic. This has been reported to
investors previously; furthermore, it is expected that there
will be continued credit improvements across the portfolio in
coming months.
The following loans were the key components of the valuation
uplifts:
* Energie Fitness - business has returned to 92%
pre-covid levels and moving to cash pay on interest
during Q3. Moved from 82% to 92% of nominal value.
* Hotel exposure - the two largest hotel loans have had
an uninterrupted debt service throughout the pandemic
and have a material liquidity reserve controlled by
the lender. Moved from 95% to 100% of nominal value.
* Beinbauer - the loan now has better credit metrics
than at the initial underwriting stage. Moved from
95% to 100% of nominal value.
As Beinbauer has returned to the original loan terms which was
50% cash payment (50% PIK) and Energie Fitness is returning to
cash payment during Q3, it is expected that the ratio between
Cash and PIK will improve significantly as we move into the latter
part of 2021.
The Company also announces that the Monthly Report for the period
to 31 August 2021 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
Pietro Nicholls
Thomas Le Grix de La Salle
Tel: 0131 603 7060
International Fund Management - AIFM
Chris Hickling
Shaun Robert
Tel: 01481 737600
Tulchan Group - Financial PR
James Macey White
Elizabeth Snow
Tel: 0207 353 4200
PraxisIFM Fund Services (UK) Limited - Administrator and Company
Secretary
Brian Smith
Ciara McKillop
Tel: 020 4513 9260
Singer Capital Markets 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/rm-funds-investor-monthly-fact-sheets-2/
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
NAVDKABBOBKKBCD
(END) Dow Jones Newswires
September 16, 2021 03:23 ET (07:23 GMT)
Rm Infrastructure Income (LSE:RMII)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Rm Infrastructure Income (LSE:RMII)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024