18 July 2024
RM Infrastructure Income plc
(the "Company")
Confirmation of Capital Reduction
LEI: 213800RBRIYICC2QC958
The Board of Directors of the Company announces that the reduction of capital involving the cancellation of the share premium account of the Company (the "Capital Reduction"), was confirmed on 12 July 2024 by the High Court of Justice of England and Wales (the "Court").
The Court order confirming the Capital Reduction, and a statement of capital approved by the Court, was registered by the Registrar of Companies on 18 July 2024 and, following their registration at Companies House, the Capital Reduction process is now complete, thereby creating approximately £70.2 million of distributable reserves which the Company may use to support a return of capital or other form of distribution during the managed wind-down of the Company. The Company will make further announcements as to any further distributions or returns of capital in due course.
Full details of the Capital Reduction are set out in the notice of the annual general meeting of the Company which published by the Company on 30 April 2024 (the "Notice"). The Notice is also available for inspection on the Company's website at https://rm-funds.co.uk/rm-infrastructure-income/investor-relations/.
For further information, please contact:
| RM Funds - Investment Manager James Robson Thomas Le Grix De La Salle
| 0131 603 7060 |
| Singer Capital Markets - Financial Adviser and Broker James Maxwell Asha Chotai
| 020 7496 3000 |
| Apex Listed Funds Services (UK) Limited - Administrator and Company Secretary Jenny Thompson Sylvanus Cofie
| 020 3327 9720 |
Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.
About RM Infrastructure Income PLC
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 by investing in Loans sourced by RM Funds (the "Investment Manager" or "RM"). The Loans in which the Company invests are predominantly secured against company assets, real estate, plant and machinery and/or income streams such as accounts receivable.
On 20 December 2023, shareholders approved the implementation of the managed wind-down of the Company. Accordingly, the Company's investment objective was restated as follows: "The Company aims to conduct an orderly realisation of the assets of the Company, to be effected in a manner that seeks to achieve a balance between returning cash to Shareholders promptly and maximising value.".
For more information, please contact James Robson at RM Funds.
About RM Funds
RM Funds is an alternative asset manager. Founded in 2010, with offices in Edinburgh, and London, the firm manages capital on behalf of institutional investors, multi-asset allocators, wealth managers and retail investors. RM Funds focuses on real asset investing across liquid alternatives and private markets.
RM Funds is a delivery partner to the British Business Bank in connection with the Coronavirus Business Interruption Loan Scheme. RM Funds is a trading name of RM Capital Markets Limited.
.
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.
