RMII Rm Infrastructure Income Plc

TIDMRMII TIDMTTM

RNS Number : 4424S

RM Infrastructure Income PLC

16 November 2021

 
                               RM Infrastructure Income Plc 
 
                                ("RMII" or the "Company") 
 
                                LEI: 213800RBRIYICC2QC958 
 
                                     Net Asset Value 
 
 NAV 
  The Company's NAV % Total Return for the month of October was 
  +0.36%, which brings the NAV % Total Return over the past six 
  months to +5.91% and 12.99% over the past 12 months. 
  The Ordinary Share NAV as at 31st October 2021 was 97.03 pence 
  per Ordinary Share, which is 0.35 pence higher than as at 30th 
  September 2021. This overall gain comprises interest income net 
  of expenses of 0.49 pence per Ordinary Share and a decrease in 
  portfolio valuations of 0.14 pence per Ordinary Share (which 
  includes all credit and currency movements). 
     Summary for October 2021 
         (pence per share) 
   Net interest income    +0.49p 
   Change in portfolio 
    valuations            -0.14p 
   Net NAV Movement       +0.35p 
  ---------------------  ------- 
 
 
  Company Activity 
  The Company's invested portfolio is GBP129m across 34 investments. 
  The average yield is 8.55% with a weighted average loan life 
  remaining of 2.39 years. Overall, the portfolio is invested across 
  94% of private markets assets and 6% in public bonds. The percentage 
  in fixed rate investments is 89%, however due to the short average 
  duration of the portfolio, the manager believes the portfolio 
  does not have significant exposure to interest rate movements. 
  Overall, October was an active month for the portfolio with a 
  number of drawdowns under committed facilities within the Company's 
  core sectors as well as an expected prepayment. The capital repaid 
  by Valeo Foods towards the end of September 2021 was reinvested 
  into Voyage Care 1(st) Lien bonds which mature in 2023. Voyage 
  Care is a robust diversified operator of healthcare services 
  in the UK and a borrower the Company already has exposure to. 
  Loan reference 74, which relates to a portfolio of student accommodation 
  assets was partially prepaid, alongside two further scheduled 
  drawdowns totalling circa GBP1.2m from the care home committed 
  construction facilities which are both progressing well, on time 
  and within budget. 
  The pipeline within our core sectors remains robust with the 
  Investment Manager currently working on a number of transaction 
  opportunities, totalling circa GBP20m. 
 
 The Company also announces that the Monthly Report for the period 
  to 31 May 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 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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November 16, 2021 02:00 ET (07:00 GMT)

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