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

RM Infrastructure Income

16/05/2022 07:00

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RNS Number : 5219L  RM Infrastructure Income PLC  16 May 2022

 RM Infrastructure Income Plc

 ("RMII" or the "Company")

 LEI: 213800RBRIYICC2QC958

 Net Asset Value

 NAV

The NAV % Total Return for the month was +0.53%, which takes the NAV % Total
 Return to +1.35% over the past six months, and +7.34% over the past 12 months.

 The NAV as of 30(th) April 2022 was 95.04 pence per Ordinary Share, which was
 0.50 pence higher than at 31(st) March 2022. This overall gain comprised
 interest income net of expenses of +0.54 pence per Ordinary Share and a
 decrease in portfolio valuations of 0.04 pence per Ordinary Share (which
 included all credit and currency movements).

Summary for April 2022 (pence per share)
 Net interest income             +0.54p
 Change in portfolio valuations  -0.04p
 Net NAV Movement                +0.50p

 

Portfolio Activity

At 30(th) April 2022, the Company's invested portfolio had an aggregate
 valuation of £130 million across 33 investments. The average yield was 8.57%,
 with a weighted average loan life remaining of 2.07 years. Overall, the
 portfolio is 94% invested in private market assets and 6% in public bonds. The
 Investment Manager's focus on creating a portfolio of high yielding and short
 duration loans that do no hold significant exposure to interest rate
 movements, ensures the portfolio remains well positioned against any further
 interest rate increases by global central banks. The portfolio has no direct
 exposure to Russia or Ukraine.

 The month of April 2022 was relatively quiet in terms of new investments and
 repayments, with two additional drawdowns under committed facilities (ref. 88
 & 76) totalling c.£0.8 million.

 The Investment Manager continues to structure several pipeline opportunities
 within RMII's core investment sectors. As previously communicated the coupon
 on these loans will be linked to Bank of England Base Rate or Sonia, thus
 extending the portfolio maturity whilst not increasing duration.

 Company Activity

 The Good Economy provided its first annual Impact Report for RM Infrastructure
 Income, which measured RMII's performance against its stated impact objectives
 relating to UN Sustainable Development Goals. The report made several key
 findings, including an increase in the average portfolio impact score,
 industry-leading levels of regional loan distribution, the supporting of
 c.1,115 jobs through the current loan portfolio, and high transparency levels
 through RMII's impact reporting.

 The Good Economy provided several recommendations for RMII to continue its
 progress and maximise its impact, including to set a target date for 100% of
 its portfolio to be aligned with its impact objectives.

 The full set of results, conclusions and recommendations from the report is
 available https://rm-funds.co.uk/rm-infrastructure-income/investor-relations/
 (https://rm-funds.co.uk/rm-infrastructure-income/investor-relations/) .

 The Company also announces that the Monthly Report for the period to 30 April
 2022 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/
 (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
 Pietro Nicholls

 Thomas Le Grix De La Salle
 Tel: 0131 603 7060

 International Fund Management - AIFM
 Chris Hickling
 Shaun Robert
 Tel: 01481 737600

 Tulchan Group - Financial PR
 Elizabeth Snow
 Oliver Norgate
 Tel: 0207 353 4200

 Sanne Fund Services (UK) Limited - Administrator and Company Secretary
 Brian Smith
 Ciara McKillop
 Tel: 020 3327 9720

 Singer Capital Markers Advisory LLP - Financial Adviser and Broker
 James Maxwell
 Asha Chotai
 Tel: 020 7496 3000

 Peel Hunt LLP - Financial Adviser and Broker
 Luke Simpson
 Liz Yong
 Tel: 020 7418 8900

 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/

 

Portfolio Activity

At 30(th) April 2022, the Company's invested portfolio had an aggregate
valuation of £130 million across 33 investments. The average yield was 8.57%,
with a weighted average loan life remaining of 2.07 years. Overall, the
portfolio is 94% invested in private market assets and 6% in public bonds. The
Investment Manager's focus on creating a portfolio of high yielding and short
duration loans that do no hold significant exposure to interest rate
movements, ensures the portfolio remains well positioned against any further
interest rate increases by global central banks. The portfolio has no direct
exposure to Russia or Ukraine.

The month of April 2022 was relatively quiet in terms of new investments and
repayments, with two additional drawdowns under committed facilities (ref. 88
& 76) totalling c.£0.8 million.

The Investment Manager continues to structure several pipeline opportunities
within RMII's core investment sectors. As previously communicated the coupon
on these loans will be linked to Bank of England Base Rate or Sonia, thus
extending the portfolio maturity whilst not increasing duration.

Company Activity

The Good Economy provided its first annual Impact Report for RM Infrastructure
Income, which measured RMII's performance against its stated impact objectives
relating to UN Sustainable Development Goals. The report made several key
findings, including an increase in the average portfolio impact score,
industry-leading levels of regional loan distribution, the supporting of
c.1,115 jobs through the current loan portfolio, and high transparency levels
through RMII's impact reporting.

The Good Economy provided several recommendations for RMII to continue its
progress and maximise its impact, including to set a target date for 100% of
its portfolio to be aligned with its impact objectives.

The full set of results, conclusions and recommendations from the report is
available https://rm-funds.co.uk/rm-infrastructure-income/investor-relations/
(https://rm-funds.co.uk/rm-infrastructure-income/investor-relations/) .

The Company also announces that the Monthly Report for the period to 30 April
2022 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/
(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

Pietro Nicholls

Thomas Le Grix De La Salle

Tel: 0131 603 7060

International Fund Management - AIFM

Chris Hickling

Shaun Robert

Tel: 01481 737600

Tulchan Group - Financial PR

Elizabeth Snow

Oliver Norgate

Tel: 0207 353 4200

Sanne Fund Services (UK) Limited - Administrator and Company Secretary

Brian Smith

Ciara McKillop

Tel: 020 3327 9720

Singer Capital Markers Advisory LLP - Financial Adviser and Broker

James Maxwell

Asha Chotai

Tel: 020 7496 3000

Peel Hunt LLP - Financial Adviser and Broker

Luke Simpson

Liz Yong

Tel: 020 7418 8900

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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