RM Infrastructure Income rules out cash exit as merger talks continue

Ongoing strategic review

The RM Infrastructure Income (RMII) trust has ruled out a partial exit opportunity for investors as part of a consultation on its future, as merger talks continue.

The board of the £127m trust triggered a strategic review of the company in May, following receipt of a merger approach by another investment trust. In a consultation with major shareholders, RMII set out the following options: a continuation under the existing policy; a partial or full exit opportunity as and when investments mature; a merger with another investment company or a managed wind-down. In a stock exchange update today (10 July), the board said shareholders were "overwhelmingly supportive of the company's management and performance, as well as its investment focus and stra...