RM Infrastructure Income proposes new investment objective as part of managed wind-down

Minimum management fee

The board of RM Infrastructure Income has proposed an alteration to the trust’s investment objective to allow the managers to conduct an orderly realisation of assets, as part of its managed wind-up.

According to a regulatory filing today (30 November), the board intends to restate the trust's investment objective to "conduct an orderly realisation of the assets of the company, to be effected in a manner that seeks to achieve a balance between returning cash to shareholders promptly and maximising value". RM Funds targets infrastructure sector with bond fund launch The board unanimously recommended shareholders vote in favour of the shift, which it argued will allow the managers to reduce the expected maturity profile of the run-off portfolio from 1.7 years to less than one year, ...