REG - RM Infrastructure RM SecDirect - RMDC - Net Asset Value(s)

RM Infrastructure IncomeAnnouncement

16/12/2022 07:00

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RNS Number : 8887J  RM Infrastructure Income PLC  16 December 2022

 RM Infrastructure Income Plc

 ("RMII" or the "Company")

 LEI: 213800RBRIYICC2QC958

 Net Asset Value

 NAV & Share price performance

The NAV % Total Return for the month was +0.35%, which takes the NAV % Total
 Return to +1.55% over the past six months, and +3.08% over the past 12 months.

 The NAV as at 30(th) November 2022 was 93.50 pence per Ordinary Share, which
 was 0.33 pence higher than at 31(st) October 2022. This overall gain comprised
 positive interest income net of expenses of 0.49 pence per Ordinary Share and
 a decrease in portfolio valuations of 0.16 pence per Ordinary Share.

Portfolio Update

As at 30(th) November 2022, the Company's invested portfolio had an aggregate
 valuation of £131 million across 37 investments. The average yield was 9.02%,
 with a weighted average loan life remaining of 1.54 years. Overall, the
 portfolio is 96% invested in private market assets and 4% 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 November 2022 saw three repayments, all at par value:

 ·      Loan Ref 62 - Energy Efficiency for c.£350k

 ·      Loan Ref 67 - Hotel & Leisure for £950k

 ·      Loan Ref 96 - Energy Efficiency for £70k

 Post period-end, the company completed on transaction Loan Ref 97 -
 Healthcare, a c.£6m senior secured aged care development facility. This loan
 has been structured with a floating rate coupon linked to the Bank of England
 base rate which offers a current cash yield of more than 11.3%.

 Furthermore, post month end the Company received two further repayments.

 ·      Loan Ref 64 - Asset backed lending, in line with our previous
 comments regarding the desire to divest the Company's asset-backed lending
 Loans, the Company saw the full prepayment of all outstanding debt of £2.75m.

 ·      Loan Ref 91 - Childcare & Education, £1.55m prepayment
 leaving c.£450k of invested capital with significant collateral.

 The Company also announces that the Monthly Report for the period to 30
 November 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

 FundRock Management Company (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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