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RNS Number : 6032T RM Infrastructure Income PLC 16 November 2023
RM Infrastructure Income Plc
("RMII" or the "Company")
LEI: 213800RBRIYICC2QC958
Net Asset Value
NAV Performance
The NAV % Total Return for October 2023 was +0.71%, which takes the NAV %
Total Return to +2.46% over the past six months, and +4.97% over the past 12
months.
The NAV as at 31(st) October 2023 was 91.17 pence per Ordinary Share, which
was 0.64 pence higher than at 30(th) September 2023. This overall gain
comprised positive interest income of 0.50 pence per Ordinary Share, net of
expenses, and an increase in portfolio valuations of 0.15 pence per Ordinary
Share.
Portfolio Activity
As at 31(st) October 2023, the Company's invested portfolio had an aggregate
valuation of £106 million across 32 investments. The average yield was
10.56%, with a weighted average loan life remaining of circa 1.71 years(10).
Overall, the portfolio is 95% invested in private market assets and 5% in
public bonds.
During the reporting period, investment loans refs #82 and #83 were fully
prepaid at par. Further, the Company claimed against its CBILS guarantee for
investment loans refs #78 and #89, successfully recovering £4.4m, in line
with expectations. Proceeds of said prepayments and guarantee payments
receipts have been utilised in repayment of the Company's leverage.
At period end, the Company's RCF remains fully undrawn with the term loan B
only having a small outstanding balance of c.£0.8m.
Post period end, the Company successfully completed on the prepayment of
investment loan ref #84. Funds are expected to be partly used to pay down the
remaining drawn balance on the term loan B.
Update on Managed Wind-Down
The Board intends to publish a shareholder circular by the end of November
2023 to convene a general meeting at which it will seek approval from
shareholders to the managed wind-down and any related matters required to
facilitate an orderly realisation.
The Company also announces that the Monthly Report for the period to 31
October 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
Jenny Thompson
Tel: 07767102572
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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