RM Infrastructure Income PLC Net Asset Value(s) (1343T)
16 March 2023 - 6:00PM
UK Regulatory
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: 0131 603 7060
FundRock Management Company (Guernsey) Limited - AIFM
Chris Hickling
Dave Taylor
Tel: 01481 737600
Tulchan Group - Financial PR
Elizabeth Snow
Oliver Norgate
Tel: 0207 353 4200
Apex Listed Companies Services (UK) Limited - Administrator
and Company Secretary
Brian Smith
Ciara McKillop
Tel: 020 3327 9720
Singer Capital Markers Advisory LLP - Financial Adviser and
Broker
James Maxwell
Asha Chotai
Tel: 020 7496 3000
Peel Hunt LLP - Financial Adviser and Broker
Luke Simpson
Liz Yong
Tel: 020 7418 8900
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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