RM INFRASTRUCTURE INCOME PLC

Net Asset Value • Aug 16, 2023

National Storage Mechanism | Additional information

RNS Number : 4172J

RM Infrastructure Income PLC

16 August 2023

RM Infrastructure Income Plc
("RMII" or the "Company")
LEI: 213800RBRIYICC2QC958
Net Asset Value
# NAV Performance The NAV % Total Return for July 2023 was +0.57%, which takes the NAV % Total Return to +2.56% over the past six months, and +4.92% over the past 12 months. The NAV as at 31st July 2023 was 92.20 pence per Ordinary Share, which was 0.52 pence higher than at 30th June 2023. This overall gain comprised positive interest income of 0.60 pence per Ordinary Share, net of expenses, and a decrease in portfolio valuations of 0.08 pence per Ordinary Share. Portfolio Activity As at 31st July 2023, the Company's invested portfolio had an aggregate valuation of £122 million across 38 investments. The average yield was 10.09%, with a weighted average loan life remaining of circa 1.80 years10. 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. # Update on Strategic Review On 11th August 2023, GCP Infrastructure Income Limited ("GCP Infra") announced a proposed combination with GCP Asset Backed Income Fund Limited, and separate ongoing discussions with RMII regarding a potential combination. On the same day, the Board of RMII confirmed that it had received a proposal from GCP Infra regarding a potential partial combination, to be effected by way of a scheme of construction of RMII, and the associated transfer of certain assets of RMII to GCP Infra, in exchange for the issue of new shares in GCP Infra to RMII shareholders. It is expected that RMII's existing CBIL assets would not be subject to the potential combination and would remain in RMII, to be realised in a timely and effective manner for RMII shareholders. The Company is also considering one other proposal that it has received, highlighted in the announcement on 31 July 2023, however at this time there remains no certainty that either of the proposals received will develop into a recommendable transaction. The Company continues to assess both proposals and will update RMII Shareholders as appropriate.
The Company also announces that the Monthly Report for the period to 31 July 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
Apex Listed Companies Services (UK) Ltd - Administrator and Company Secretary
Ciara McKillop
Tel: 020 3327 9720
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/

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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.

END

NAVQELFFXVLLBBL