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RM Infrastructure IncomeAnnouncement

16/08/2023 07:00

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RNS Number : 4172J  RM Infrastructure Income PLC  16 August 2023

 RM Infrastructure Income Plc

 ("RMII" or the "Company")

 LEI: 213800RBRIYICC2QC958

 Net Asset Value

 NAV Performance

The NAV % Total Return for July 2023 was +0.57%, which takes the NAV % Total
 Return to +2.56% over the past six months, and +4.92% over the past 12 months.

 The NAV as at 31(st) July 2023 was 92.20 pence per Ordinary Share, which was
 0.52 pence higher than at 30(th) June 2023. This overall gain comprised
 positive interest income of 0.60 pence per Ordinary Share, net of expenses,
 and a decrease in portfolio valuations of 0.08 pence per Ordinary Share.

 Portfolio Activity

 As at 31(st) July 2023, the Company's invested portfolio had an aggregate
 valuation of £122 million across 38 investments. The average yield was
 10.09%, with a weighted average loan life remaining of circa 1.80 years(10).
 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.

Update on Strategic Review

On 11(th) August 2023, GCP Infrastructure Income Limited ("GCP Infra")
 announced a proposed combination with GCP Asset Backed Income Fund Limited,
 and separate ongoing discussions with RMII regarding a potential combination.

 On the same day, the Board of RMII confirmed that it had received a proposal
 from GCP Infra regarding a potential partial combination, to be effected by
 way of a scheme of construction of RMII, and the associated transfer of
 certain assets of RMII to GCP Infra, in exchange for the issue of new shares
 in GCP Infra to RMII shareholders. It is expected that RMII's existing CBIL
 assets would not be subject to the potential combination and would remain in
 RMII, to be realised in a timely and effective manner for RMII shareholders.

 The Company is also considering one other proposal that it has received,
 highlighted in the announcement on 31 July 2023, however at this time there
 remains no certainty that either of the proposals received will develop into a
 recommendable transaction.

 The Company continues to assess both proposals and will update RMII
 Shareholders as appropriate.

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

 Apex Listed Companies Services (UK) Ltd - Administrator and Company Secretary
 Ciara McKillop

 Tel: 020 3327 9720

 Singer Capital Markers Advisory LLP - Financial Adviser and Broker
 James Maxwell
 Asha Chotai
 Tel: 020 7496 3000

 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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