Gresham House Energy Storage Fund Dividend Declaration (1884K)
04 May 2022 - 4:02PM
UK Regulatory
TIDMGRID
RNS Number : 1884K
Gresham House Energy Storage Fund
04 May 2022
4 May 2022
GRESHAM HOUSE ENERGY STORAGE FUND PLC
("GRID" or the "Company")
Declaration of Dividend
Gresham House Energy Storage Fund PLC (LSE: GRID) is pleased to
announce a dividend of 1.75p per Ordinary Share for the period from
1 January 2022 to 31 March 2022. The dividend will be paid on 27
May 2022 to Shareholders on the register as at the close of
business on 13 May 2022. The ex-dividend date is 12 May 2022.
Any such dividend payment to Shareholders may take the form of
either dividend income or "qualifying interest income" which may be
designated as an interest distribution for UK tax purposes and
therefore subject to the interest streaming regime applicable to
investment trusts. Of this dividend declared of 1.75 pence per
Ordinary Share, 0.65 pence is declared as dividend income with 1.1
pence treated as qualifying interest income.
For further information, please contact:
Gresham House New Energy
Ben Guest +44 (0) 20 3837 6270
Jefferies International Limited
Stuart Klein +44 (0) 20 7029 8000
Gaudi Le Roux +44 (0) 20 7029 8000
KL Communications gh@kl-communications.com
Charles Gorman +44 (0) 20 3995 6699
Will Sanderson
Millie Steyn
JTC (UK) Limited as Company Secretary GHEnergyStorageCoSec@jtcgroup.com
Christopher Gibbons +44 207 409 0181
About the Company and the Manager:
Gresham House Energy Storage Fund plc seeks to provide investors
with an attractive and sustainable dividend over the long term by
investing in a diversified portfolio of utility-scale battery
energy storage systems (known as BESS) located in Great Britain,
Northern Ireland, and the Republic of Ireland. In addition, the
Company seeks to provide investors with the prospect of capital
growth through the re-investment of net cash generated in excess of
the target dividend in accordance with the Company's investment
policy.
Gresham House Asset Management is the FCA authorised operating
business of Gresham House plc, a London Stock Exchange quoted
specialist alternative asset manager. Gresham House is committed to
operating responsibly and sustainably, taking the long view in
delivering sustainable investment solutions.
www.greshamhouse.com
Definition of Utility-scale battery Storage Systems:
Utility-scale battery storage systems are the enabling
infrastructure that will support the continued growth of renewable
energy sources such as wind and solar, essential to the UK's stated
target to reduce carbon emissions. They store excess energy
generated by renewable energy sources and then release that stored
energy back into the grid during peak hours when there is increased
demand for it.
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END
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