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

RM Infrastructure Income

16/06/2022 07:00

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RNS Number : 0344P  RM Infrastructure Income PLC  16 June 2022

 RM Infrastructure Income Plc

 ("RMII" or the "Company")

 LEI: 213800RBRIYICC2QC958

 Net Asset Value

 NAV

The NAV % Total Return for the month was +0.30%, which takes the NAV % Total
 Return to +1.52% over the past six months, and +6.15% over the past 12 months.

 The NAV as of 31(st) May 2022 was 95.32 pence per Ordinary Share, which was
 0.28 pence higher than at 30(th) April 2022. This overall gain comprised
 interest income net of expenses of +0.52 pence per Ordinary Share and a
 decrease in portfolio valuations of 0.24 pence per Ordinary Share (which
 included all credit and currency movements).

Summary for May 2022 (pence per share)
 Net interest income             +0.52p
 Change in portfolio valuations  -0.24p
 Net NAV Movement                +0.28p

 

Portfolio Activity

At 31(st) May 2022, the Company's invested portfolio had an aggregate
 valuation of £131.2 million across 34 investments. The average yield was
 8.60%, with a weighted average loan life remaining of 2.00 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 not 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 May 2022 saw three transactions made up of two further drawdowns
 to existing facilities and one new loan:

 ·      Ref 88 Healthcare, Care Home: £620,000 drawdown under a
 committed facility within the aged care sub-sector.

 ·      Ref 52 Clean Energy, Renewable Heat Incentive: £400,000 drawdown
 secured against Renewable Heat Incentive (RHI) cash flows.

 ·      Ref 94.a Healthcare, Health and Well-being: £350,000 term loan
 RLS facility within the Company's Health & Well-being sub-sector.

 There was one partial repayment during the month, with Trent Capital (Ref 62)
 repaying £392,500.

 The Investment Manager continues to undertake due diligence and is structuring
 several pipeline opportunities within RMII's core investment sectors, which
 are expected to reach completion shortly. As previously communicated the
 coupon on these loans will be linked to the Bank of England Base Rate or SONIA
 interest rate benchmark, thus extending the portfolio maturity without
 increasing duration.

 The Company also announces that the Monthly Report for the period to 31 May
 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/

 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 4513 9260

 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 31(st) May 2022, the Company's invested portfolio had an aggregate
valuation of £131.2 million across 34 investments. The average yield was
8.60%, with a weighted average loan life remaining of 2.00 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 not 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 May 2022 saw three transactions made up of two further drawdowns
to existing facilities and one new loan:

·      Ref 88 Healthcare, Care Home: £620,000 drawdown under a
committed facility within the aged care sub-sector.

·      Ref 52 Clean Energy, Renewable Heat Incentive: £400,000 drawdown
secured against Renewable Heat Incentive (RHI) cash flows.

·      Ref 94.a Healthcare, Health and Well-being: £350,000 term loan
RLS facility within the Company's Health & Well-being sub-sector.

 

There was one partial repayment during the month, with Trent Capital (Ref 62)
repaying £392,500.

The Investment Manager continues to undertake due diligence and is structuring
several pipeline opportunities within RMII's core investment sectors, which
are expected to reach completion shortly. As previously communicated the
coupon on these loans will be linked to the Bank of England Base Rate or SONIA
interest rate benchmark, thus extending the portfolio maturity without
increasing duration.

The Company also announces that the Monthly Report for the period to 31 May
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/

 

 

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 4513 9260

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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