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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rm Infrastructure Income Plc | RMII | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 75.50 | 08:00:08 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 75.50 | 75.00 | 75.50 | 75.50 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 29/02/2024 | Interim | GBP | 0.01625 | 07/03/2024 | 08/03/2024 | 02/04/2024 |
| 31/10/2023 | Interim | GBP | 0.01625 | 30/11/2023 | 01/12/2023 | 29/12/2023 |
| 14/08/2023 | Interim | GBP | 0.01625 | 07/09/2023 | 08/09/2023 | 29/09/2023 |
| 23/05/2023 | Interim | GBP | 0.01625 | 01/06/2023 | 02/06/2023 | 30/06/2023 |
| 01/03/2023 | Interim | GBP | 0.01625 | 09/03/2023 | 10/03/2023 | 31/03/2023 |
| 01/11/2022 | Interim | GBP | 0.01625 | 01/12/2022 | 02/12/2022 | 30/12/2022 |
| 03/08/2022 | Interim | GBP | 0.01625 | 01/09/2022 | 02/09/2022 | 30/09/2022 |
| 25/05/2022 | Interim | GBP | 0.01625 | 01/06/2022 | 06/06/2022 | 24/06/2022 |
| 22/02/2022 | Interim | GBP | 0.01625 | 03/03/2022 | 04/03/2022 | 25/03/2022 |
| 02/11/2021 | Interim | GBP | 0.01625 | 02/12/2021 | 03/12/2021 | 30/12/2021 |
| 06/08/2021 | Interim | GBP | 0.01625 | 02/09/2021 | 03/09/2021 | 24/09/2021 |
| 26/05/2021 | Interim | GBP | 0.01625 | 03/06/2021 | 04/06/2021 | 25/06/2021 |
| 25/02/2021 | Interim | GBP | 0.01625 | 04/03/2021 | 05/03/2021 | 26/03/2021 |
| 02/11/2020 | Interim | GBP | 0.01625 | 03/12/2020 | 04/12/2020 | 30/12/2020 |
| 05/08/2020 | Interim | GBP | 0.01625 | 03/09/2020 | 04/09/2020 | 25/09/2020 |
| 20/04/2020 | Interim | GBP | 0.01625 | 04/06/2020 | 05/06/2020 | 26/06/2020 |
| 25/02/2020 | Special | GBP | 0.00075 | 05/03/2020 | 06/03/2020 | 27/03/2020 |
| 25/02/2020 | Special | GBP | 0.00075 | 05/03/2020 | 06/03/2020 | 27/03/2020 |
| 05/11/2019 | Interim | GBP | 0.01625 | 05/12/2019 | 06/12/2019 | 27/12/2019 |
| 05/11/2019 | Special | GBP | 0.00075 | 05/12/2019 | 06/12/2019 | 27/12/2019 |
| 08/08/2019 | Interim | GBP | 0.01625 | 05/09/2019 | 06/09/2019 | 27/09/2019 |
| 02/05/2019 | Interim | GBP | 0.01625 | 06/06/2019 | 07/06/2019 | 28/06/2019 |
| 02/05/2019 | Special | GBP | 0.00375 | 06/06/2019 | 07/06/2019 | 28/06/2019 |
| Top Posts |
|---|
Posted at 19/2/2024 16:08 by starpukka As a holder, I have been informed this morning that my holding will be "removed in due course". Are we assured of the next divi; paying on 29/3 ? And even if we are-@ 6% down currently-I am wondering if it may be better to sell up now ? |
Posted at 15/1/2024 08:00 by cwa1 Better than bad news :-)RM Infrastructure Income Plc ("RMII" or the "Company") LEI: 213800RBRIYICC2QC958 Portfolio Update RMII provides an update on investment loan reference #68, a 79 beds student accommodation located in city centre of Coventry, UK - wholly owned by the Company. The Company has been pursuing a legal claim against the former main contractor since September 2022 via an adjudication process. On the 2nd of January 2024, RMII was successfully awarded circa £1.2m by the adjudicator (or circa 1 pence per ordinary share), with circa 90% of said sums now having been received in cleared funds. Thomas Le Grix de La Salle, Portfolio Manager for RMII "The RM Funds Team have been pro-actively working in recovering value for our shareholders, and after many months of hard work it is very pleasing to be able to deliver a positive outcome for our shareholders." |
Posted at 23/5/2023 11:01 by cwa1 Shareholder Update...In early April 2023, while preparing for the proposed liquidity opportunity consultation, the RMII Board (the "Board") received a non-binding indicative proposal which involved a combination of all the Company's assets with another investment company under Section 110 of the Insolvency Act 1986 (the "Proposal"). Unusually for a Section 110 approach, the Proposal did not include any option, partial or otherwise, for RMII Shareholders to elect to receive cash (such as through a run-off liquidation pool as the Company's investments are realised over time). For the avoidance of doubt, the Proposal did not anticipate any offer for the Company, recommended or otherwise, under the City Code on Takeovers and Mergers. Since the initial approach in early April, the Board has attempted to address various issues with the Proposal which would have negatively impacted RMII Shareholders but progress to date has been limited. If the counterparty is willing to substantially improve its offer, then the Board intends to explore this opportunity further. At this time, no heads of terms have been agreed by the Board and the counterparty's board of directors and consequently there can be no certainty that any potential transaction would be successfully completed. Dividend announcement too:- The Directors of the Company, an investment trust specialising in secured debt investments, have declared an interim dividend of 1.625 pence per ordinary share in respect of the period from 1 January 2023 to 31 March 2023: Ex-Dividend Date - 1 June 2023 Record Date - 2 June 2023 Payment Date - 30 June 2023 The Company has elected to designate the interim dividend for the period as an interest distribution to its ordinary shareholders. |
Posted at 03/5/2023 07:00 by marko60 Final results out last week and now targeting a dividend of +7p, almost 9% at current share price.Only downside would be an increase in credit losses if a major recession happens. |
Posted at 16/3/2023 07:29 by cwa1 NAV PerformanceThe NAV % Total Return for February 2023 was +0.41%, which takes the NAV % Total Return to +2.22% over the past six months, and +5.56% over the past 12 months. The NAV as at 28(th) February 2023 was 93.49 pence per Ordinary Share, which was 0.39 pence higher than at 31(st) January 2023. This overall gain comprised positive interest income net of expenses of 0.62 pence per Ordinary Share and a decrease in portfolio valuations of 0.23 pence per Ordinary Share. Portfolio Update As at 28(th) February 2023, the Company's invested portfolio had an aggregate valuation of GBP126 million across 38 investments. The average yield was 9.61%, with a weighted average loan life remaining of 1.72 years. Overall, the portfolio is 96% invested in private market assets and 4% 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. As indicated in January 2023, the redeployment of capital at higher yields is now starting to have a positive impact on the Company's net interest income. It is pleasing to see that the current run rate income for the reporting period has exceeded the net interest income requirement for the annual dividend target, in line with our guidance, and is on track to generate a net interest income of more than 7 pence per share for FY 2023. The Company is not aware of any direct nor indirect exposure to SVB and Signature Bank. |
Posted at 01/3/2023 07:16 by cwa1 Dividend DeclarationThe Directors of the Company, an investment trust specialising in secured debt investments, have declared an interim dividend of 1.625 pence per ordinary share in respect of the period from 1 October 2022 to 31 December 2022: Ex-Dividend Date - 9 March 2023 Record Date - 10 March 2023 Payment Date - 31 March 2023 The Company has elected to designate the interim dividend for the period as an interest distribution to its ordinary shareholders. |
Posted at 01/11/2022 16:46 by cwa1 Dividend DeclarationThe Directors of the Company, an investment trust specialising in secured debt investments, have declared an interim dividend of 1.625 pence per ordinary share in respect of the period from 1 July to 30 September 2022: Ex-Dividend Date - 1 December 2022 Record Date - 2 December 2022 Payment Date - 30 December 2022 The Company has elected to designate the interim dividend for the period as an interest distribution to its ordinary shareholders. |
Posted at 08/8/2022 16:40 by cwa1 Half yearly report out...and nobody cares :-))Outlook For the first time since pre-quantitative easing, we are now seeing dispersion within the broader corporate bond market where risk is currently being more accurately reflected by individual credit spreads. This offers opportunities in more broadly syndicated private loans which we have not seen since the RMII IPO in 2016, furthermore the bespoke loans originated by RM Funds price above the syndicated credit curve and allows for wider pricing and better terms to be negotiated by the Investment Manager. Our key theme is that now is a good time to be a credit investor and probably the best environment to be deploying and investing capital. Risk is being appropriately priced and, in our view, offers compelling investor returns with the ability to structure enhanced security and improved covenants on transactions at this point of the economic cycle as credit conditions tighten. Since IPO, private credit as measured by RMII and other investment trusts specialising in direct lending have demonstrated resilience in preserving capital versus public bond and loan markets alternatives (as measured by high yield and leveraged loan indices or exchange traded funds). This is important for investors looking to generate total returns principally from fixed income and in particular corporate lending. The Board are grateful for the support of Shareholders and are delighted to have such a broad investor base. We would also like to thank RM Funds and the other professional advisors for their hard work and support. Please do not hesitate to contact me through Peel Hunt or Singer Capital Markets if any additional information is required. |
Posted at 03/8/2022 07:25 by cwa1 Dividend DeclarationThe Directors of the Company, an investment trust specialising in secured debt investments, have declared an interim dividend of 1.625 pence per ordinary share in respect of the period from 1 April 2022 to 30 June 2022: Ex-Dividend Date - 1 September 2022 Record Date - 2 September 2022 Payment Date - 30 September 2022 The Company has elected to designate the interim dividend for the period as an interest distribution to its ordinary shareholders. |
Posted at 25/5/2022 08:40 by cwa1 And another one rolls in:-Dividend Declaration The Directors of the Company, an investment trust specialising in secured debt investments, have declared an interim dividend of 1.625 pence per ordinary share in respect of the period from 1 January to 31 March 2022: Ex-Dividend Date - 1 June 2022 Record Date - 6 June 2022 Payment Date - 24 June 2022 The Company has elected to designate the interim dividend for the period as an interest distribution to its ordinary shareholders. |
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