Net Asset Value(s)

RM Infrastructure Income PLC

16 August 2023

 

RM Infrastructure Income Plc

("RMII" or the "Company")

LEI: 213800RBRIYICC2QC958

Net Asset Value

NAV Performance The NAV % Total Return for July 2023 was +0.57%, which takes the NAV % Total Return to +2.56% over the past six months, and +4.92% over the past 12 months. The NAV as at 31st July 2023 was 92.20 pence per Ordinary Share, which was 0.52 pence higher than at 30th June 2023. This overall gain comprised positive interest income of 0.60 pence per Ordinary Share, net of expenses, and a decrease in portfolio valuations of 0.08 pence per Ordinary Share. Portfolio Activity As at 31st July 2023, the Company's invested portfolio had an aggregate valuation of £122 million across 38 investments. The average yield was 10.09%, with a weighted average loan life remaining of circa 1.80 years10. 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. Update on Strategic Review On 11th August 2023, GCP Infrastructure Income Limited ("GCP Infra") announced a proposed combination with GCP Asset Backed Income Fund Limited, and separate ongoing discussions with RMII regarding a potential combination. On the same day, the Board of RMII confirmed that it had received a proposal from GCP Infra regarding a potential partial combination, to be effected by way of a scheme of construction of RMII, and the associated transfer of certain assets of RMII to GCP Infra, in exchange for the issue of new shares in GCP Infra to RMII shareholders. It is expected that RMII's existing CBIL assets would not be subject to the potential combination and would remain in RMII, to be realised in a timely and effective manner for RMII shareholders. The Company is also considering one other proposal that it has received, highlighted in the announcement on 31 July 2023, however at this time there remains no certainty that either of the proposals received will develop into a recommendable transaction. The Company continues to assess both proposals and will update RMII Shareholders as appropriate.

The Company also announces that the Monthly Report for the period to 31 July 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]

Apex Listed Companies Services (UK) Ltd - Administrator and Company Secretary

Ciara McKillop

Tel: [phone]

Singer Capital Markers Advisory LLP - Financial Adviser and Broker

James Maxwell

Asha Chotai

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/

 

END