TIDMBSIF

RNS Number : 4617N

Bluefield Solar Income Fund Limited

23 January 2023

23 January 2023

Bluefield Solar Income Fund Limited

('Bluefield Solar' or the 'Company')

First Interim Dividend Announcement

Bluefield Solar (LON: BSIF), the London listed income fund focused on acquiring and managing renewable energy and storage assets predominantly in the UK, is pleased to announce the Company's first interim dividend for the financial year ending 30 June 2023 (the 'First Interim Dividend').

The First Interim Dividend of 2.10 pence per Ordinary Share (January 2022: 2.03 pence per Ordinary Share) will be payable to Shareholders on the register as at 3 February 2023, with an associated ex-dividend date of 2 February 2023 and a payment date on or around 3 March 2023.

Furthermore, the Board is pleased to reaffirm its guidance of a full year dividend of not less than 8.40 pence per Ordinary Share for the financial year ending 30 June 2023 (2022: 8.20 pence). This is expected to be covered by earnings and to be post debt amortisation.

For further information:

 
 Bluefield Partners LLP (Company Investment         Tel: +44 (0) 20 
  Adviser)                                                7078 0020 
  James Armstrong /Neil Wood/Giovanni          www.bluefieldllp.com 
  Terranova 
 
 Numis Securities Limited (Company                  Tel: +44 (0) 20 
  Broker)                                                 7260 1000 
  Tod Davis / David Benda                             www.numis.com 
 
 Ocorian                                          Tel: +44 (0) 1481 
  (Company Secretary & Administrator)                       742 742 
  Patrick Ogier                                     www.ocorian.com 
 
 Media enquiries: 
  Buchanan (PR Adviser)                             Tel: +44 (0) 20 
  Henry Harrison-Topham / Henry Wilson                    7466 5000 
                                                www.buchanan.uk.com 
                                               BSIF@buchanan.uk.com 
 

About Bluefield Solar

Bluefield Solar is a London listed income fund focused on acquiring and managing renewable energy and storage projects predominantly in the UK, to provide stable, long term dividends for its shareholders whilst furthering the decarbonisation of the energy system. Not less than 75% of the Company's gross assets will be invested into UK solar assets. The Company can also invest up to 25% of its gross assets into wind, hydro and storage technologies. The majority of the Company's revenue streams are regulated and non-correlated to short term UK energy market fluctuations. 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 812 MWp.

Bluefield Solar is listed on the Main Market of the London Stock Exchange and is a member of the FTSE 250, classified within the Closed End Investments subsector.

Further information can be viewed at www.bluefieldsif.com

About Bluefield Partners

Bluefield Partners LLP was established in 2009 and is an investment adviser to companies and funds investing in renewable energy infrastructure. It has a proven record in the selection, acquisition and supervision of large-scale energy assets in the UK and Europe. The team has been involved in over GBP6 billion renewable funds and/or transactions in both the UK and Europe, including over GBP1 billion in the UK since December 2011.

Bluefield Partners LLP has led the acquisitions of, and currently advises on, over 100 UK based solar PV assets that are agriculturally, commercially or industrially situated. Based in its London office, it is supported by a dedicated and experienced team of investment, legal and portfolio executives. Bluefield Partners LLP was appointed Investment Adviser to Bluefield Solar in June 2013.

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