RM Infrastructure Income PLC Net Asset Value(s) (7916V)
16 Diciembre 2021 - 01:00AM
UK Regulatory
TIDMRMII TIDMTTM
RNS Number : 7916V
RM Infrastructure Income PLC
16 December 2021
RM Infrastructure Income Plc
("RMII" or the "Company")
LEI: 213800RBRIYICC2QC958
Net Asset Value
NAV
The NAV % Total Return for the month was +0.13% which takes the
NAV % Total Return to +4.57% over the past six months and +11.03%
over the past 12 months.
The Ordinary Share NAV as at 30(th) November 2021 was 97.16 pence
per Ordinary Share, which is 0.13 pence higher than as at 31(st)
October 2021. This overall gain comprises interest income net
of expenses of 0.51 pence per Ordinary Share and a decrease in
portfolio valuations of 0.38 pence per Ordinary Share (which
includes all credit and currency movements).
Summary for November 2021 (pence
per share)
Net interest income +0.51p
Change in portfolio
valuations -0.38p
Net NAV Movement +0.13p
-------------------------- --------
Company Activity
The Company's invested portfolio has an aggregate valuation of
GBP130m across 34 investments. The average yield is 8.51% with
a weighted average loan life remaining of 2.30 years. Overall,
the portfolio is invested across 94% of private markets assets
and 6% in public bonds. The portfolio is well positioned with
regards to any increase in interest rates as the Investment Manager
is focused on creating a portfolio of high yielding and short
duration loans that do not hold significant exposure to interest
rate movements.
Overall, the month of November was relatively quiet in terms
of new investments. The Company had a further scheduled drawdown
of c.GBP0.9m in its core healthcare sector, under one of the
portfolio's committed construction facilities for a new purpose-built
aged care home.
The decrease in portfolio valuation of 0.38 pence per share was
entirely driven by the mark down of two loan facilities (loan
ref 80 & 79), secured against a Glasgow-based hotel. The property
is now expected to be trading during Q2 2022, however delays
and well documented inflationary pressures, combined with the
uncertainty of the recent Omicron outbreak mean the Investment
Manager has taken a cautious approach with regards to the valuation
recommendations for this month.
In terms of pipeline, the Investment Manager continues to see
a compelling set of opportunities within the Company's core sectors
and is currently working on two transactions totalling c.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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END
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December 16, 2021 02:00 ET (07:00 GMT)
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