RMII Rm Infrastructure Income Plc

TIDMRMII TIDMTTM

RNS Number : 6658I

RM Infrastructure Income PLC

16 August 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 July 2021, on a cum income basis, was 95.60 pence 
  (30 June 2021: 95.25 pence). 
 
  NAV 
  The NAV % Total Return for the month was +0.37% which takes the 
  NAV % Total Return to +5.10% over the past six months and 11.87% 
  over the past 12 months. The Ordinary Share NAV as of 31st July 
  2021 was 95.60 pence per Ordinary Share, which is 0.35 pence 
  higher than on 30th June 2021. This overall gain comprises interest 
  income net of expenses of 0.59 pence per Ordinary Share and decreases 
  in portfolio valuations of 0.24 pence per Ordinary Share (which 
  includes all credit and currency movements), of which 0.21 pence 
  relate to corporate matters. 
  Portfolio Activity 
  As of 31st July, the Company's portfolio consisted of 34 investments 
  with a weighted average yield of 9.09%, diversified across 13 
  sectors and split 85% fixed rate and 15% floating rate. The portfolio's 
  allocation is 79% in bilateral private loans, 15% in syndicated 
  private loans, 2% in corporate bonds and 4% in a fully owned 
  equity instrument. The portfolio had a weighted average life 
  of 2.65 years at the month end. 
  July was a relatively quiet month for the portfolio. There were 
  three additional scheduled drawdowns for the two healthcare construction 
  loans totalling approximately GBP1.6m and no repayments. Both 
  construction assets remain on track to reach practical completion 
  on time and within the forecasted budget. 
  The Investment Management team has been proactive with its management 
  and operational initiatives in regards to the 80 beds student 
  accommodation scheme in Coventry, which is now fully owned by 
  the Company. The operational performance of the scheme has shown 
  continued and promising results, with occupancy now in excess 
  of 51% and strong weekly enquiries. The conversion rate remains 
  robust. Given the level of occupancy achieved within a reduced 
  marketing period, the property manager and RM remain confident 
  that the scheme can reach a compelling occupancy level for the 
  next academic year of 2021/22. Further, taking advantage of the 
  quiet summer season, we have made a few accretive refurbishments 
  and upgrades, enabling our marketing team to offer an attractive 
  accommodation package within a competitive price range. 
 
 The Company also announces that the Monthly Report for the period 
  to 31 July 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/ 
 

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