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

RM Infrastructure IncomeAnnouncement

16/03/2023 07:00

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RNS Number : 1343T  RM Infrastructure Income PLC  16 March 2023

 RM Infrastructure Income Plc

 ("RMII" or the "Company")

 LEI: 213800RBRIYICC2QC958

 Net Asset Value

 NAV Performance

The NAV % Total Return for February 2023 was +0.41%, which takes the NAV %
 Total Return to +2.22% over the past six months, and +5.56% over the past 12
 months.

 The NAV as at 28(th) February 2023 was 93.49 pence per Ordinary Share, which
 was 0.39 pence higher than at 31(st) January 2023. This overall gain comprised
 positive interest income net of expenses of 0.62 pence per Ordinary Share and
 a decrease in portfolio valuations of 0.23 pence per Ordinary Share.

Portfolio Update

As at 28(th) February 2023, the Company's invested portfolio had an aggregate
 valuation of £126 million across 38 investments. The average yield was 9.61%,
 with a weighted average loan life remaining of 1.72 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.

 As indicated in January 2023, the redeployment of capital at higher yields is
 now starting to have a positive impact on the Company's net interest income.
 It is pleasing to see that the current run rate income for the reporting
 period has exceeded the net interest income requirement for the annual
 dividend target, in line with our guidance, and is on track to generate a net
 interest income of more than 7 pence per share for FY 2023.

 The Company is not aware of any direct nor indirect exposure to SVB and
 Signature Bank.

 The Company also announces that the Monthly Report for the period to 28
 February 2023 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/

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 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
 Dave Taylor
 Tel: 01481 737600

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

 Apex Listed Companies 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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