Net Asset Value(s)

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 28th February 2023 was 93.49 pence per Ordinary Share, which was 0.39 pence higher than at 31st 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 28th February 2023, the Company's invested portfolio had an aggregate valuation of £126 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/

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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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