RM INFRASTRUCTURE INCOME PLC

Net Asset Value • May 16, 2022

National Storage Mechanism | Additional information

RNS Number : 5219L

RM Infrastructure Income PLC

16 May 2022

RM Infrastructure Income Plc

("RMII" or the "Company")

LEI: 213800RBRIYICC2QC958

Net Asset Value

NAV

The NAV % Total Return for the month was +0.53%, which takes the NAV % Total Return to +1.35% over the past six months, and +7.34% over the past 12 months.

The NAV as of 30th April 2022 was 95.04 pence per Ordinary Share, which was 0.50 pence higher than at 31st March 2022. This overall gain comprised interest income net of expenses of +0.54 pence per Ordinary Share and a decrease in portfolio valuations of 0.04 pence per Ordinary Share (which included all credit and currency movements).

Summary for April 2022 (pence per share)
Net interest income	+0.54p
Change in portfolio valuations	-0.04p
Net NAV Movement	+0.50p

Portfolio Activity

At 30th April 2022, the Company's invested portfolio had an aggregate valuation of £130 million across 33 investments. The average yield was 8.57%, with a weighted average loan life remaining of 2.07 years. Overall, the portfolio is 94% invested in private market assets and 6% in public bonds. The Investment Manager's focus on creating a portfolio of high yielding and short duration loans that do no hold significant exposure to interest rate movements, ensures the portfolio remains well positioned against any further interest rate increases by global central banks. The portfolio has no direct exposure to Russia or Ukraine.

The month of April 2022 was relatively quiet in terms of new investments and repayments, with two additional drawdowns under committed facilities (ref. 88 & 76) totalling c.£0.8 million.

The Investment Manager continues to structure several pipeline opportunities within RMII's core investment sectors. As previously communicated the coupon on these loans will be linked to Bank of England Base Rate or Sonia, thus extending the portfolio maturity whilst not increasing duration.

Company Activity

The Good Economy provided its first annual Impact Report for RM Infrastructure Income, which measured RMII's performance against its stated impact objectives relating to UN Sustainable Development Goals. The report made several key findings, including an increase in the average portfolio impact score, industry-leading levels of regional loan distribution, the supporting of c.1,115 jobs through the current loan portfolio, and high transparency levels through RMII's impact reporting.

The Good Economy provided several recommendations for RMII to continue its progress and maximise its impact, including to set a target date for 100% of its portfolio to be aligned with its impact objectives. 

The full set of results, conclusions and recommendations from the report is available https://rm-funds.co.uk/rm-infrastructure-income/investor-relations/.

The Company also announces that the Monthly Report for the period to 30 April 2022 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

Pietro Nicholls

Thomas Le Grix De La Salle

Tel: 0131 603 7060

International Fund Management - AIFM

Chris Hickling

Shaun Robert

Tel: 01481 737600

Tulchan Group - Financial PR

Elizabeth Snow

Oliver Norgate

Tel: 0207 353 4200

Sanne Fund 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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