RM INFRASTRUCTURE INCOME PLC

Net Asset Value • Feb 16, 2022

National Storage Mechanism | Additional information

RNS Number : 7791B

RM Infrastructure Income PLC

16 February 2022

RM Infrastructure Income Plc

("RMII" or the "Company")

LEI: 213800RBRIYICC2QC958

Net Asset Value

NAV

The NAV % Total Return for the month was +0.20% which takes the NAV % Total Return to +3.87% over the past six months and +9.17% over the past 12 months.

The Ordinary Share NAV as at 31st January 2022 was 96.04 pence per Ordinary Share, which is 0.19 pence higher than as at 31st December 2021. This overall gain comprises interest income net of expenses of +0.369 pence per Ordinary Share and a decrease in portfolio valuations of 0.179 pence per Ordinary Share (which includes all credit and currency movements).

Summary for January 2022 (pence per share)
Net interest income	+0.369p
Change in portfolio valuations	-0.179p
Net NAV Movement	+0.19p

Company Activity

At 31 January 2022, the Company's invested portfolio had an aggregate valuation of £128 million across 33 investments. The average yield was 8.46% with a weighted average loan life remaining of 2.31 years. Overall, the portfolio is invested across 94% of private markets assets and 6% in public bonds. With regards to any further interest rate increases by global central banks, the portfolio remains well positioned through 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.    

The first month of 2022 was moderately active in terms of repayments and new investments:

·    Two further scheduled drawdowns totalling approximately £0.95 million under the Company's two committed construction facilities for new purpose-built aged care homes (ref. 88 & 83). One of the properties reached practical completion at the end of Q4-2021 and is expected to commence trading at the end of Q1-2022, with the other care home property facing no delays to its expected completion date and remains on budget.

·    Elysium Healthcare (ref.6 in previous factsheets) repaid its GBP TLB, with the Company receiving its nominal outstanding of £4.5 million in full.

·    Voyage Care (ref.15&16 in previous factsheets), which during the reporting month was acquired by London based infrastructure investment manager, Wren House, refinanced its senior & junior secured bonds, with the Company receiving its nominal outstanding of £7.5 million, which was directly reinvested in the newly issued senior secured bonds issued by Voyage Care.

The Company's cash position remains robust with approximately £10 million of available capacity under its RCF.

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