In QuotedData’s morning briefing 19 August 2024:

• RM Infrastructure Income (RMII) has announced its interim results for the six months to 30 June 2024. The company delivered a NAV total return of 2.5% and a share price total return of 9.6%. The company also paid a dividend of 3.5p per share. The manager noted that it had made significant progress on its managed wind-down. Commenting on the outlook, it noted: “The macro outlook appears to be more constructive for those borrowers seeking refinance as 3 and 5 year yields have fallen due to market expectations on the likely timings and trajectory of interest rates. This is helpful although set against this we expect credit spreads to widen so all in funding costs could remain neutral. The investment team at RM continue to work diligently and are seeking the first shareholder capital return during the second half of the year.”