RM Infrastructure Income PLC

RMII

GB00BYMTBG55

Investment Trusts

Delayed London S.E. Other stock markets 02:59:59 2024-04-29 am EDT			5-day change	1st Jan Change
74.5 ^GBX	0.00%		-3.25%	+0.34%

Apr. 23	EARNINGS: Videndum warns on recovery; AB Dynamics expects profit beat	AN
Apr. 23	RM Infrastructure Income PLC Reports Earnings Results for the Full Year Ended December 31, 2023	CI

RM Infrastructure wins in claim against former contractor

January 15, 2024 at 12:04 pm EST

RM Infrastructure Income PLC - London-based investor in loans to infrastructure assets - Wins claim against its former contractors, who it has been pursuing a legal claim against since September 2022 via an adjudication process. Says it was awarded around GBP1.2 million by the adjudicator on January 2, with around 90% now having been received in cleared funds. The case refers to an investment loan regarding a 79 bed student accommodation in Coventry, England, which is wholly-owned by the company.

Portfolio Manager Thomas Le Grix de La Salle comments: "The RM Funds Team have been pro-actively working in recovering value for our shareholders, and after many months of hard work it is very pleasing to be able to deliver a positive outcome for our shareholders."

Current stock price: 73.88 pence, down 0.8%

12-month change: down 14%

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BIST 100	9,990 PTS	+0.75%	+3.61%	-
RM INFRASTRUCTURE INCOME PLC	74.5 GBX	0.00%	-3.25%	109M
COVENTRY GROUP LTD	1.53 AUD	+1.32%	-7.27%	108M

Latest news about RM Infrastructure Income PLC

EARNINGS: Videndum warns on recovery; AB Dynamics expects profit beat	Apr. 23	AN
RM Infrastructure Income PLC Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 23	CI
RM Infrastructure Income PLC Declares Interim Dividend for the Period from October 1, 2023 to December 31, 2023, Payable on April 2, 2024	Feb. 29	CI
RM Infrastructure wins in claim against former contractor	Jan. 15	AN
RM Infrastructure Income Receives 90% of GBP1.2 Million Settlement	Jan. 15	MT
EARNINGS AND TRADING: Lowland Investment NAV falls but dividend hiked	Dec. 05	AN
RM Infrastructure to Seek Approval for Proposed Wind-down Process	Nov. 30	MT
CPP reports new business wins for Blink division	23-10-31	AN
RM Infrastructure Income PLC Declares Interim Dividend for the Period from 1 July to 30 September 2023, Payable on 29 December 2023	23-10-31	CI
FTSE 100 Finishes 0.16% Lower as Mood Stays Cautious	23-09-06	DJ
Harbour Energy Seen as Performing Well Operationally	23-09-06	DJ
Sterling Could Rise Against Euro, Looks Vulnerable Versus Dollar	23-09-06	DJ
GCP Infra and RM Infra terminate merger talks; RM Infra to wind down	23-09-06	AN
RM Infrastructure Plans Winding Down After Merger Talks with GCP Infrastructure Fall Through	23-09-06	MT
Bridgepoint buys ECP; Barratt cuts dividend	23-09-06	AN
GCP Infrastructure Investments net asset value falls	23-08-23	AN
RM Infrastructure net asset value down, considers partial combination	23-08-18	AN
RM Infrastructure Income PLC Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-18	CI
Tranche Update on RM Infrastructure Income PLC's Equity Buyback Plan announced on December 29, 2022.	23-08-18	CI
RM Infrastructure Income PLC Declares Interim Dividend For the Period from 1 April 2023 to 30 June 2023, Payment Date Is on 29 September 2023	23-08-14	CI
GCP Infrastructure seeks tie-ups with rival listed funds	23-08-11	RE
FTSE 100 down as rate-sensitive stocks fall	23-08-11	AN
RM Infrastructure Income Says Potential Merger Deals Still Under Review	23-08-11	MT
GCP Infra and GCP Asset aim to merge with RM Infrastructure	23-08-11	AN
GCP Asset Backed Income Fund, GCP Infrastructure Investments to Merge Via Scheme of Reconstruction	23-08-11	MT

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Company Profile

RM Infrastructure Income plc is a United Kingdom-based investment trust. The Companyâs investment objective is to generate attractive and regular dividends through investment in secured debt instruments of the United Kingdom small and medium-sized enterprises (SMEs), and mid-market corporate, including any loan, promissory notes, lease, bond or preference share sourced or originated by the RM Capital Markets Limited (the Investment Manager) with a degree of inflation protection through index-linked returns where appropriate. The Company seeks to meet its investment objective by making investments in a diversified portfolio of loans to United Kingdom SMEs and mid-market corporate, special purpose vehicles and/or to individuals. The Company, through its approach, focuses on investments within the social and environmental infrastructure sectors. The Companyâs investments sectors include hotel & leisure, asset-backed lending, accommodation, manufacturing, healthcare and others.

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2024-05-30 - Annual General Meeting

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BUY

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0.745

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Sector Investment Trusts

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RM Infrastructure Income PLC

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RMII

GB00BYMTBG55

Investment Trusts

RM Infrastructure wins in claim against former contractor

Stocks mentioned in the article

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Chart RM Infrastructure Income PLC

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Sector Investment Trusts