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

RM Infrastructure IncomeAnnouncement

24/07/2025 07:00

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RNS Number : 3250S  RM Infrastructure Income PLC  24 July 2025

 RM Infrastructure Income Plc

 ("RMII" or the "Company")

 LEI: 213800RBRIYICC2QC958

 Net Asset Value

 NAV Performance

The Company's NAV % Total Return for the month of June was -0.64%, which
 brings the NAV % Total Return for the quarter to -3.28%. The NAV % Total
 Return over the last twelve months was -4.79% and inception to date (ITD)
 38.18%.

 The NAV as at 30(th) June 2025 was 80.00 pence per Ordinary Share. This
 negative NAV return of -0.52 pence per share in June arose primarily from
 discount rates adjustments, largely driven by investment loan Ref #76 relating
 to Energie Fitness where the discount rate has increased from 12.54% to
 17.33%.

Portfolio Activity

As at 30(th) June 2025, the Company's invested portfolio had an aggregate
 market value of circa £59 million across 18 investments. The average yield
 was 12.69%, with a weighted average loan life remaining of circa 0.79 years.

 Cash balances at end of June 2025 stood at circa £2.3m. During the month the
 Company successfully completed its second tender offer in connection with its
 Managed Wind-down, acquiring circa 21.6m shares (or c.22% of outstanding
 shares) and returning circa £17.4m to shareholders. This follows on from the
 first tender offer completed in September 2024 where the Company returned
 circa £17.5m of capital to shareholders. Since the start of the Managed
 Wind-down process, the Company has acquired over circa 35% of the issued share
 capital (in aggregate).  Further updates regarding the Company's Managed
 Wind-down process and subsequent returns of capital to shareholders will be
 announced by the Board as and when appropriate.

 Following the second tender offer and in light of the Company's progress with
 its Managed Wind-down, the Board remains focused on minimising the on-going
 running costs of the Company. Therefore the Board has decided that the
 valuation of the Company's investment loans will be performed by RM with
 oversight from the Board and has decided to end the contract with Forvis
 Mazars, the valuation agent used since the launch of the Company. In addition,
 the Company's NAV reporting periodicity will move from monthly to quarterly.

 The Company also announces that the Monthly Report for the period to 30(th)
 June 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.

 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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