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

RM Infrastructure IncomeAnnouncement

19/06/2024 11:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240619:nRSS0663Ta&default-theme=true

RNS Number : 0663T  RM Infrastructure Income PLC  19 June 2024

 RM Infrastructure Income Plc

 ("RMII" or the "Company")

 LEI: 213800RBRIYICC2QC958

 Net Asset Value

 NAV Performance

The NAV % Total Return for May 2024 was 2.38%, which takes the NAV % Total
 Return to 3.49% over the past six months, and 4.59% over the past 12 months.

 The NAV as at 31(st) May 2024 was 90.15 pence per Ordinary Share, which was
 2.10 pence higher than at 30(th) April 2024. This overall gain comprised
 positive interest income of 0.55 pence per Ordinary Share, net of expenses,
 and an increase in portfolio valuations of 1.54 pence per Ordinary Share led
 by discount rate movements.

Portfolio Activity

As at 31(st) May 2024, the Company's invested portfolio had an aggregate
 nominal outstanding of circa £96.5 million across 27 investments. The average
 yield was 11.53%, with a weighted average loan life remaining of circa 1.21
 years(10). Overall, the portfolio is 95% invested in private market assets and
 5% in public bonds.

 An active month for RM regarding repayments and prepayments, all at par -
 outlined below:

 ·      Investment Loan ref 98 - circa £0.2m prepayment

 ·      Investment Loan ref 60 - circa £4.7m full repayment

 ·      Investment Loan ref 91 - circa £0.5m full repayment

 ·      Investment Loan ref 87 - circa £0.8m full repayment

 ·      Investment Loan ref 81 - circa £0.1m repayment

 Post period end, RM successfully completed the full prepayment at par of
 investment loan ref 97a & 97b, a c.£6.3m senior secured committed
 facility. This was the Company's last construction investment loan and the
 main driver regarding holding committed funds as unrestricted cash. This will
 therefore release a significant portion of the restricted cash balance,
 bringing it down to circa £2m versus the previous balance of circa £7m.

 Investment Loan ref 96, drew down £220k on its committed facility.

 Current cash balance stands at circa £15m of which circa £2m will be
 retained by the Company largely to fund committed facilities which have yet to
 be drawn.

 The Board is currently forecasting the 1(st) return of capital to occur during
 H2-2024.

 The Company also announces that the Monthly Report for the period to 31(st)
 May 2024 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
 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.

 For more information, please see

https://rm-funds.co.uk/rm-infrastructure-income/
(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  NAVKKLBFZQLEBBL