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.
.