RMII Rm Infrastructure Income Plc

TIDMRMDL TIDMRMDZ TIDMTTM

RNS Number : 1217D

RM Secured Direct Lending PLC

17 February 2020

 
                 RM Secured Direct Lending Plc and RM ZDP PLC 
 
                           ("RMDL" or the "Company") 
 
                           LEI: 213800RBRIYICC2QC958 
 
                                Net Asset Value 
 
 RMDL announces that its unaudited net asset value per ordinary 
  share as at 31 January 2020, on a cum income basis, was 98.31 
  pence (31 December 2019: 97.79 pence). 
 
      RM ZDP PLC announces that the unaudited accrued capital entitlement 
       per ZDP share as at 31 January 2020 was 106.47 pence (31 December 
       2019: 106.18 pence). 
 
       NAV 
       The NAV total return for the month was 0.51%. This takes the 
       1 year NAV total return to 8% and the cumulative NAV total return 
       since IPO to 18.4%. 
       The Ordinary Share NAV as at 31(st) January 2020 was 98.31 pence 
       per share, which is 0.52 pence higher than at 31(st) December 
       2019, comprising interest income net of expenses of 0.60 pence 
       per share and a decrease in portfolio valuations of 0.08 pence 
       per share which includes all credit and currency movements. 
       Portfolio Activity 
       As at the 31(st) January, the Company's portfolio consisted of 
       34 debt investments with a weighted average yield of 8.58%, spread 
       across 13 sectors, with a percentage split between fixed and 
       floating rate of 55% to 45%. The Investment Manager is focused 
       on reducing interest rate risk by keeping the tenors on fixed 
       rate investments generally shorter dated. 
       The portfolio has the following breakdown: 59 % in bilateral 
       private loans; 36% in club or syndicated private loans; and 5 
       % in more liquid corporate debt. Consequently, private debt investments 
       represent 95 % of the portfolio. 
       The transaction highlights for the month are as follows: 
        *    six further drawdowns to Loans previously documented 
             with two borrowers. These loans relate to Social 
             Infrastructure and Energy Efficiency (Student 
             Accommodation & Receivables Finance). 
 
 
        *    Two partial repayments of Loans. 
 
 
 
       In addition to this the Investment Manager is finalising Due 
       Diligence and documentation for a Loan secured against a Hotel 
       which formed part of the pipeline for the capital raise conducted 
       in Q4 2019. This will conclude the pipeline for this sector and 
       the manager will continue to focus on sourcing Social Infrastructure 
       assets such as Healthcare and Childcare opportunities secured 
       on business assets and real estate. 
 
 The Company also announces that the Monthly Report for the period 
  to 31 January 2020 is now available to be viewed on the Company 
  website: 
 https://rmdl.co.uk/investor-centre/monthly-factsheets/ 
 
                                      END 
 
  For further information, please contact: 
 RM Capital Markets Limited - Investment Manager 
 James Robson 
 Pietro Nicholls 
 Tel: 0131 603 7060 
 
 International Fund Management - AIFM 
 Chris Hickling 
 Shaun Robert 
 Tel: 01481 737600 
 
 Tulchan Group - Financial PR 
 James Macey White 
 Elizabeth Snow 
 Tel: 0207 353 4200 
 
 PraxisIFM Fund Services (UK) Limited - Administrator and Company 
  Secretary 
 Brian Smith 
 Ciara McKillop 
 Tel: 020 7653 9690 
 
 Nplus1 Singer Advisory LLP - Financial Adviser and Broker 
 James Maxwell 
 Lauren Kettle 
 Tel: 020 7496 3000 
 
 About RM Secured Direct Lending 
 
 RM Secured Direct Lending Plc ("RMDL" 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://rmdl.co.uk/investor-centre/monthly-factsheets/ 
 

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.

END

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