Net Asset Value(s)
![](https://tracker.live.rns-distribution.com/track.live-rns/5231167_d9353a075fe0b610698e373da828b7e4.png)
RM Infrastructure Income Plc |
|
("RMII" or the "Company") |
|
LEI: 213800RBRIYICC2QC958 |
|
Net Asset Value |
NAV PerformanceThe NAV % Total Return for May 2024 was 2.38%, which takes the NAV % Total Return to 3.49% over the past six months, and 4.59% over the past 12 months. The NAV as at 31st May 2024 was 90.15 pence per Ordinary Share, which was 2.10 pence higher than at 30th April 2024. This overall gain comprised positive interest income of 0.55 pence per Ordinary Share, net of expenses, and an increase in portfolio valuations of 1.54 pence per Ordinary Share led by discount rate movements. Portfolio ActivityAs at 31st May 2024, the Company's invested portfolio had an aggregate nominal outstanding of circa £96.5 million across 27 investments. The average yield was 11.53%, with a weighted average loan life remaining of circa 1.21 years10. Overall, the portfolio is 95% invested in private market assets and 5% in public bonds. An active month for RM regarding repayments and prepayments, all at par - outlined below: · Investment Loan ref 98 - circa £0.2m prepayment · Investment Loan ref 60 - circa £4.7m full repayment · Investment Loan ref 91 - circa £0.5m full repayment · Investment Loan ref 87 - circa £0.8m full repayment · Investment Loan ref 81 - circa £0.1m repayment
Post period end, RM successfully completed the full prepayment at par of investment loan ref 97a & 97b, a c.£6.3m senior secured committed facility. This was the Company's last construction investment loan and the main driver regarding holding committed funds as unrestricted cash. This will therefore release a significant portion of the restricted cash balance, bringing it down to circa £2m versus the previous balance of circa £7m. Investment Loan ref 96, drew down £220k on its committed facility. Current cash balance stands at circa £15m of which circa £2m will be retained by the Company largely to fund committed facilities which have yet to be drawn. The Board is currently forecasting the 1st return of capital to occur during H2-2024. |
The Company also announces that the Monthly Report for the period to 31st May 2024 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
|
Apex Listed Companies Services (UK) Ltd - Administrator and Company Secretary |
Jenny Thompson |
Tel: 07767102572 |
Singer Capital Markers Advisory LLP - Financial Adviser and Broker |
James Maxwell |
Asha Chotai |
Tel: 020 7496 3000 |
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/
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.