RM Infrastructure Income Plc |
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("RMII" or the "Company") |
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LEI: 213800RBRIYICC2QC958 |
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Net Asset Value |
NAV PerformanceThe NAV % Total Return for July 2024 was 1.00%, which takes the NAV % Total Return to 2.36% over the past six months, and 3.46% over the past 12 months. The NAV as at 31st July 2024 was 88.71 pence per Ordinary Share, which was 0.88 pence higher than at 30th June 2024. This overall gain comprised positive interest income of 0.47 pence per Ordinary Share, net of expenses, and an increase in portfolio valuations of 0.40 pence per Ordinary Share led by discount rate movements.Portfolio ActivityAs at 31st July 2024, the Company's invested portfolio had an aggregate nominal outstanding of circa £90.6 million across 23 investments. The average yield was 11.66%, with a weighted average loan life remaining of circa 1.23 years. Overall, the portfolio is 95% invested in private market assets and 5% in public bonds. During the month, Investment Loans ref 95a & 95b were repaid in full at par, c.£2.8m, well in advance of their respective legal maturities of June 2027. Investment Loan ref 76 drew down its remaining committed balance of £255k. Cash balance at end of July stood at circa £18.25m of which circa £1.5m will be retained by the Company largely to fund committed facilities which have yet to be drawn as well as to retain required working capital. The Company confirmed the most appropriate and effective method to return capital to shareholders would be via tender offers. Each tender offer will be subject to shareholder approval at a general meeting, including for the initial tender offer. The Board is currently anticipating the first tender offer to occur during H2-2024. |
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The Company also announces that the Monthly Report for the period to 31st July 2024 is now available to be viewed on the Company website:
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https://rm-funds.co.uk/rm-infrastructure-income/rm-funds-investor-monthly-fact-sheets-2/ |
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END |
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For further information, please contact: |
RM Capital Markets Limited - Investment Manager |
James Robson |
Thomas Le Grix De La Salle |
Tel: 0131 603 7060 |
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FundRock Management Company (Guernsey) Limited - AIFM |
Chris Hickling |
Dave Taylor |
Tel: 01481 737600
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Apex Listed Companies Services (UK) Ltd - Administrator and Company Secretary |
Jenny Thompson |
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Tel: 07767102572 |
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Singer Capital Markers Advisory LLP - Financial Adviser and Broker |
James Maxwell |
Asha Chotai |
Tel: 020 7496 3000 |
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About RM Infrastructure Income |
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RM Infrastructure Income Plc ("RMII" or the "Company") is a closed-ended investment trust established to invest in a portfolio of secured debt instruments. |
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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. |
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For more information, please see |
https://rm-funds.co.uk/rm-infrastructure-income/ |
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