Net Asset Value(s)

RNS Number : 8947E

RM Infrastructure Income PLC

16 March 2022

 

RM Infrastructure Income Plc

("RMII" or the "Company")

LEI: 213800RBRIYICC2QC958

Net Asset Value

NAV The NAV % Total Return for the month was +0.31%, which takes the NAV % Total Return to +1.97% over the past six months, and +8.68% over the past 12 months. The NAV as of 28th February 2022 was 96.33 pence per Ordinary Share, which was 0.30 pence higher than at 31st January 2022. This overall gain comprised interest income net of expenses of +0.53 pence per Ordinary Share and a decrease in portfolio valuations of 0.23 pence per Ordinary Share (which included all credit and currency movements). Summary for February 2022 (pence per share) Net interest income +0.53p Change in portfolio valuations -0.23p Net NAV Movement +0.30p Company Activity At 28th February 2022, the Company's invested portfolio had an aggregate valuation of £129 million across 33 investments. The average yield was 8.49%, with a weighted average loan life remaining of 2.23 years. Overall, the portfolio is 94% invested in private market assets and 6% in public bonds. With regards to any further interest rate increases by global central banks, the portfolio remains well positioned through 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. The portfolio has no direct exposure to Russia or Ukraine. The month of February 2022 was relatively quiet in terms of new investments and divestments, with two additional drawdowns under existing facilities (ref. 88 & 62) totalling c.£1 million. The Company's cash position remains robust, with approximately £9 million of available headroom under its RCF.

The Company also announces that the Monthly Report for the period to 28 Feb 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/

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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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