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

RM Infrastructure IncomeAnnouncement

21/02/2025 07:00

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RNS Number : 9059X  RM Infrastructure Income PLC  21 February 2025

 RM Infrastructure Income Plc

 ("RMII" or the "Company")

 LEI: 213800RBRIYICC2QC958

 Net Asset Value

 NAV Performance

The NAV % Total Return for January 2025 was 0.35%, which takes the NAV % Total
 Return to 0.35% over the past six months, and 2.72% over the past 12 months.

 The NAV as at 31(st) January 2025 was 85.79 pence per Ordinary Share, which
 was 0.297 pence higher than at 31(st) December 2024. This increase in NAV was
 predominantly driven by a positive net interest income of 0.386 pence per
 Ordinary Share, which was slightly offset by minor movements in mark-to-market
 valuation movements.

Portfolio Activity

As at 31(st) January 2025, the Company's invested portfolio had an aggregate
 nominal outstanding of circa £81 million across 18 investments. The average
 yield(13) was 12.44%, with a weighted average loan life remaining of circa
 0.76 years(10).

 Cash balances at end of January 2025 stood at circa £9m of which circa £1.5m
 will be retained by the Company largely to fund remaining committed facilities
 which have yet to be drawn, as well as to hold sufficient funds for working
 capital purposes.

 Post month end, RM successfully completed a material redemption of investment
 loans Ref #66 & #67, with the receipt of a net cash consideration of
 £11.5m, or c.96% of their respective December 2024 marks. In addition, the
 Company has received the benefit of a further fixed charge security over the
 operational property of investment loan Ref #99 (where the company currently
 holds a c.£2.9m senior secured).

 Following the above, cash balances at the current date sit at circa £20m.
 Further updates regarding the Company's Managed Wind-Down process and
 subsequent return(s) of capital to Shareholders will be announced by the Board
 as and when appropriate.

 The Company also announces that the Monthly Report for the period to 31(st)
 January 2025 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.

 On 20 December 2023, shareholders approved the implementation of the Managed
 Wind-down of the Company. Accordingly, the Company's investment objective was
 restated as follows: "The Company aims to conduct an orderly realisation of
 the assets of the Company, to be effected in a manner that seeks to achieve a
 balance between returning cash to Shareholders promptly and maximising value."

 For more information, please see
 https://rm-funds.co.uk/rm-infrastructure-income/

 

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