RM Infrastructure Income PLC Net Asset Value(s) (5219L)

TIDMRMII TIDMTTM

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 GBP130 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.GBP0.8 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/ 
   . 
 
 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/ 
 
 
 
                                                END 
 
 
 
   For further information, please contact: 
 RM Capital Markets Limited - Investment Manager 
 James Robson 
 Pietro Nicholls 
  Thomas Le Grix De La Salle 
 Tel: [phone] 
 
 International Fund Management - AIFM 
 Chris Hickling 
 Shaun Robert 
 Tel: [phone] 
 
 Tulchan Group - Financial PR 
 Elizabeth Snow 
 Oliver Norgate 
 Tel: [phone] 
 
 Sanne Fund Services (UK) Limited - Administrator and Company 
  Secretary 
 Brian Smith 
 Ciara McKillop 
 Tel: [phone] 
 
 Singer Capital Markers Advisory LLP - Financial Adviser and 
  Broker 
 James Maxwell 
 Asha Chotai 
 Tel: [phone] 
 
 Peel Hunt LLP - Financial Adviser and Broker 
 Luke Simpson 
 Liz Yong 
 Tel: [phone] 
 
 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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May 16, 2022 02:01 ET (06:01 GMT)