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

RM Infrastructure IncomeAnnouncement

16/08/2024 07:00

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RNS Number : 6529A  RM Infrastructure Income PLC  16 August 2024

 RM Infrastructure Income Plc

 ("RMII" or the "Company")

 LEI: 213800RBRIYICC2QC958

 Net Asset Value

 NAV Performance

The NAV % Total Return for July 2024 was 1.00%, which takes the NAV % Total
 Return to 2.36% over the past six months, and 3.46% over the past 12 months.

The NAV as at 31st July 2024 was 88.71 pence per Ordinary Share, which was 0.88 pence higher than at 30th June 2024. This overall gain comprised positive interest income of 0.47 pence per Ordinary Share, net of expenses, and an increase in portfolio valuations of 0.40 pence per Ordinary Share led by discount rate movements.
 Portfolio Activity

As at 31st July 2024, the Company's invested portfolio had an aggregate
 nominal outstanding of circa £90.6 million across 23 investments. The average
 yield was 11.66%, with a weighted average loan life remaining of circa 1.23
 years. Overall, the portfolio is 95% invested in private market assets and 5%
 in public bonds.

 During the month, Investment Loans ref 95a & 95b were repaid in full at
 par, c.£2.8m, well in advance of their respective legal maturities of June
 2027.

 Investment Loan ref 76 drew down its remaining committed balance of £255k.

 Cash balance at end of July stood at circa £18.25m of which circa £1.5m will
 be retained by the Company largely to fund committed facilities which have yet
 to be drawn as well as to retain required working capital.

 The Company confirmed the most appropriate and effective method to return
 capital to shareholders would be via tender offers. Each tender offer will be
 subject to shareholder approval at a general meeting, including for the
 initial tender offer. The Board is currently anticipating the first tender
 offer to occur during H2-2024.

 The Company also announces that the Monthly Report for the period to 31(st)
 July 2024 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
 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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