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RM Infrastructure IncomeAnnouncement

16/09/2022 07:00

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RNS Number : 6573Z  RM Infrastructure Income PLC  16 September 2022

 RM Infrastructure Income Plc

 ("RMII" or the "Company")

 LEI: 213800RBRIYICC2QC958

 Net Asset Value

 NAV

The NAV % Total Return for the month was +0.49%, which takes the NAV % Total
 Return to +3.27% over the past six months, and +3.76% over the past 12 months.

 The NAV as of 31(st) August 2022 was 94.70 pence per Ordinary Share, which was
 0.46 pence higher than at 31(st) July 2022. This overall gain comprised
 interest income net of expenses of +0.60 pence per Ordinary Share and a
 decrease in portfolio valuations of 0.14 pence per Ordinary Share

Summary for August 2022 (pence per share)
 Net interest income             +0.60p
 Change in portfolio valuations  -0.15p
 Net NAV Movement                +0.46p

 

Portfolio Activity

At 31(st) August 2022, the Company's invested portfolio had an aggregate
 valuation of £135 million across 37 investments. The average yield was 8.75%,
 with a weighted average loan life remaining of 1.82 years. Overall, the
 portfolio is 94% invested in private market assets and 6% in public bonds. The
 Investment Manager's focus on creating a portfolio of high yielding and short
 duration loans that do not hold significant exposure to interest rate
 movements, ensures the portfolio remains well positioned against any further
 interest rate increases by global central banks.

 The month of August 2022 was relatively quiet in terms of new investments with
 one drawdown:

 ·      Loan Reference 95, Social Infrastructure - Childcare: c.£3m
 drawdown under a senior secured committed facility within the childcare care
 sub-sector.

 Update on Loan Reference 68, Student Accommodation Coventry. The building
 obtained its approvals for occupation and students have started to enter the
 building. Post month-end a legal claim was lodged against the former main
 contractor for more than £3m, to recover costs spent to rectify the
 property's defects and the associated loss of income.

 The Company also announces that the Monthly Report for the period to 31 August
 2022 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

 Sanne Fund Management (Guernsey) Limited - AIFM
 Chris Hickling
 Shaun Robert
 Tel: 01481 737600

 Tulchan Group - Financial PR
 Elizabeth Snow
 Oliver Norgate
 Tel: 0207 353 4200

 Sanne Fund Services (UK) Limited - Administrator and Company Secretary
 Brian Smith
 Ciara McKillop
 Tel: 020 3327 9720

 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/

 

Portfolio Activity

At 31(st) August 2022, the Company's invested portfolio had an aggregate
valuation of £135 million across 37 investments. The average yield was 8.75%,
with a weighted average loan life remaining of 1.82 years. Overall, the
portfolio is 94% invested in private market assets and 6% in public bonds. The
Investment Manager's focus on creating a portfolio of high yielding and short
duration loans that do not hold significant exposure to interest rate
movements, ensures the portfolio remains well positioned against any further
interest rate increases by global central banks.

The month of August 2022 was relatively quiet in terms of new investments with
one drawdown:

·      Loan Reference 95, Social Infrastructure - Childcare: c.£3m
drawdown under a senior secured committed facility within the childcare care
sub-sector.

 

Update on Loan Reference 68, Student Accommodation Coventry. The building
obtained its approvals for occupation and students have started to enter the
building. Post month-end a legal claim was lodged against the former main
contractor for more than £3m, to recover costs spent to rectify the
property's defects and the associated loss of income.

The Company also announces that the Monthly Report for the period to 31 August
2022 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

Sanne Fund Management (Guernsey) Limited - AIFM

Chris Hickling

Shaun Robert

Tel: 01481 737600

Tulchan Group - Financial PR

Elizabeth Snow

Oliver Norgate

Tel: 0207 353 4200

Sanne Fund Services (UK) Limited - Administrator and Company Secretary

Brian Smith

Ciara McKillop

Tel: 020 3327 9720

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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