Bluefield Solar Income Fund Limited First Interim Dividend (1548B)
08 January 2018 - 6:00PM
UK Regulatory
TIDMBSIF
RNS Number : 1548B
Bluefield Solar Income Fund Limited
08 January 2018
8 January 2018
Bluefield Solar Income Fund Limited
('Bluefield Solar' or the 'Company')
First Interim Dividend Announcement for the financial year
ending 30 June 2018
Bluefield Solar (LON:BSIF), a sterling income fund that invests
in UK-based solar assets, is pleased to announce a first interim
dividend for the financial year ending 30 June 2018 (the 'First
Interim Dividend'). Unless otherwise noted herein, the information
provided in this announcement and any asset valuations underlying
such information is unaudited.
The First Interim Dividend of 1.80 pence per Ordinary Share will
be payable to Shareholders on the register as at 19 January 2018
with an associated ex-dividend date of 18 January 2018 and a
payment date of 9 February 2018.
In the absence of further share issuances, the Company aims to
pay broadly equal dividends on a quarterly basis. Hitherto, the
Company's pattern of dividend payments has tended to reflect the
seasonality of solar power generation.
Bluefield Solar and its Board of Directors set dividend targets
which are intended to grow in line with the Retail Price Index
(RPI), using the 2014/15 financial year dividends of 7 pence per
share as a base. The target dividends arising out of the financial
year ending 30 June 2017 were 7.18 pence per Ordinary Share, and
this target will rise to 7.4 pence per Ordinary Share for the
financial year ending 30 June 2018. In respect of the past three
financial years, the Company has paid dividends which have exceeded
the target levels.
For further information:
Bluefield Partners LLP (Company Tel: +44 (0) 20 7078 0020
Investment Adviser) www.bluefieldllp.com
James Armstrong / Mike Rand
/ Giovanni Terranova
Numis Securities Limited (Company Tel: +44 (0) 20 7260 1000
Broker) www.numis.com
Tod Davis / David Benda
Heritage International Fund Tel: +44 (0) 1481 716
Managers Limited 000
(Company Secretary & Administrator) www.heritage.co.gg
Kevin Smith
Media enquiries:
Buchanan (PR Adviser) Tel: +44 (0) 20 7466 5000
Henry Harrison-Topham / Vicky www.buchanan.uk.com
Hayns / Henry Wilson BSIF@buchanan.uk.com
Notes to Editors
About Bluefield Solar
Bluefield Solar is a sterling income fund focused on acquiring
and managing UK-based solar projects to generate stable renewable
energy for periods of typically 25 years or longer. The Company's
primary objective is to deliver to its shareholders, stable, long
term sterling income via quarterly dividends, which are linked to
RPI. The majority of the Group's revenue streams are regulated and
non-correlated to traditional markets. Bluefield Solar owns and
operates one of the UK's largest, diversified portfolios of solar
assets with a combined installed power capacity in excess of
440MWp.
Further information can be viewed at www.bluefieldsif.com.
About Bluefield Partners LLP ('Bluefield')
Bluefield was established in 2009 and is an investment adviser
to companies and funds investing in solar energy infrastructure. It
has a proven record in the selection, acquisition and supervision
of large scale energy and infrastructure assets in the UK and
Europe. The team has been involved in over GBP1.25 billion of solar
PV funds and/or transactions in both the UK and Europe since 2008,
including over GBP500 million in the UK since December 2011.
Bluefield has led the acquisitions of, and currently advises on,
over 70 UK based solar PV assets that are agriculturally,
commercially or industrially situated. Based in its London office,
Bluefield's partners are supported by a dedicated and highly
experienced team of investment, legal and portfolio executives.
Bluefield was appointed Investment Adviser to the Company in June
2013.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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