RM Infrastructure Income PLC Net Asset Value(s) (1343T)

TIDMRMII TIDMTTM

RNS Number : 1343T

RM Infrastructure Income PLC

16 March 2023

 
                               RM Infrastructure Income Plc 
 
                                ("RMII" or the "Company") 
 
                                LEI: 213800RBRIYICC2QC958 
 
                                     Net Asset Value 
 
  NAV Performance 
   The 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. 
 
 The Company also announces that the Monthly Report for the period 
  to 28 February 2023 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 
 Thomas Le Grix De La Salle 
 Tel: [phone] 
 
 FundRock Management Company (Guernsey) Limited - AIFM 
 Chris Hickling 
 Dave Taylor 
 Tel: [phone] 
 
 Tulchan Group - Financial PR 
 Elizabeth Snow 
 Oliver Norgate 
 Tel: [phone] 
 
 Apex Listed Companies 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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March 16, 2023 03:00 ET (07:00 GMT)