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RM Infrastructure IncomeAnnouncement

16/06/2023 07:00

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RNS Number : 9190C  RM Infrastructure Income PLC  16 June 2023

 RM Infrastructure Income Plc

 ("RMII" or the "Company")

 LEI: 213800RBRIYICC2QC958

 Net Asset Value

 NAV Performance

The NAV % Total Return for May 2023 was +0.46%, which takes the NAV % Total
 Return to +2.57% over the past six months, and +4.15% over the past 12 months.

 The NAV as at 31(st) May 2023 was 92.62 pence per Ordinary Share, which was
 0.43 pence higher than at 30(th) April 2023. This overall gain comprised
 positive interest income of 0.54 pence per Ordinary Share, net of expenses,
 and a decrease in portfolio valuations of 0.11 pence per Ordinary Share.

 A dividend of 1.625 pence per ordinary share was declared during the month and
 the ex-dividend date was 1(st) June 2023.

Portfolio Update

As at 31(st) May 2023, the Company's invested portfolio had an aggregate
 valuation of £122 million across 37 investments. The average yield was 9.79%,
 with a weighted average loan life remaining of circa 1.95 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.

 During the reporting month, portfolio company TR Engineering "Trianco"
 completed a partnership agreement with Sunamp, the leading thermal storage
 manufacturer in the UK, enabling Trianco's zero carbon home heating products
 to be sold alongside Sunamp thermal storage products.  This strategic
 partnership is forecasted to materially increase Trianco's sales. A Term Loan
 B facility of £1m was approved during the month to fund stock requirements
 resulting from this new partnership agreement.

 Post period end, a further prepayment of £1.5m was received from investment
 loan ref #60.

 Finally, during the month the Board, the Company's Advisors and Investment
 Manager met with a number of shareholders to review the Company strategy and
 consider future prospects. This process is ongoing, and progress will be
 communicated to Shareholders shortly.

 The Company also announces that the Monthly Report for the period to 31 May
 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/

 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
 Dave Taylor
 Tel: 01481 737600

 Apex Listed Companies Services (UK) Ltd - 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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