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

RM Infrastructure IncomeAnnouncement

20/03/2025 07:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250320:nRST3745Ba&default-theme=true

RNS Number : 3745B  RM Infrastructure Income PLC  20 March 2025

 RM Infrastructure Income Plc

 ("RMII" or the "Company")

 LEI: 213800RBRIYICC2QC958

 Net Asset Value

 NAV Performance

The NAV % Total Return for February 2025 was -1.78%, which takes the NAV %
 Total Return to -3.08% over the past six months, and 0.48% over the past 12
 months.

 The NAV as at 28(th) February 2025 was 84.26 pence per Ordinary Share, which
 was 1.542 pence lower than at 31(st) January 2025. This decrease in NAV was
 predominantly driven by investment loan Ref #73, where the underlying property
 that the loan is secured on is being brought to market and current third-party
 valuation assessments are materially lower than previously advised by third
 party valuers.

Portfolio Activity

As at 28(th) February 2025, the Company's invested portfolio had an aggregate
 nominal outstanding of circa £68 million across 17 investments. The average
 yield(13) was 12.52%, with a weighted average loan life remaining of circa
 0.83 years(10).

 In February, 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.

 Cash balances at end of February 2025 stood at circa £20m 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. 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 28(th)
 February 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/

 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.

 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/

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NAVKKLFFEXLFBBB