RM Infrastructure Income proposes managed wind-down as Gravis trust merger scrapped

'Open' to further merger approaches

The board of the RM Infrastructure Income (RMII) trust has put forward proposals for the managed wind-down of the company after merger discussions with Gravis’ GCP Infrastructure trust were terminated.

After consulting with shareholders on a number of proposals for the trust's future, including a merger with another investment company, the board said in a stock exchange notice today (6 September) that a managed wind-down was in the best interest for shareholders.  RMII's board launched a strategic review of the trust in May after receiving a merger approach by another investment trust. At the time, the board noted the trust's small scale, prevailing discount to NAV and liquidity of the shares, which had restricted its ability to grow. In August, the board announced it was in discuss...