Octopus Renewables Infra Trust PLC Dividend Declaration (9920Q)
02 November 2021 - 6:00PM
UK Regulatory
TIDMORIT
RNS Number : 9920Q
Octopus Renewables Infra Trust PLC
02 November 2021
2 November 2021
LEI: 213800B81BFJKWM2JV13
Octopus Renewables Infrastructure Trust plc
("ORIT" or the "Company")
Dividend Declaration
The Board of Octopus Renewables Infrastructure Trust plc (the
"Company" or "ORIT") is pleased to declare an interim dividend in
respect of the period from 1 July 2021 to 30 September 2021 of 1.25
pence per ordinary share, payable on 26 November 2021 to
shareholders on the register at 12 November 2021. The ex-dividend
date will be 11 November 2021 (the "Q3 2021 Dividend").
As detailed in the Company's prospectus dated 10 June 2021 (the
"Prospectus"), a portion of the Company's dividends will be
designated as an interest distribution for UK tax purposes. The
interest streaming percentage for the Q3 2021 Dividend is
24.2%.
The Q3 2021 Dividend is in line with the Company's dividend
target for the period from 1 January 2021 to 31 December 2021 ("FY
2021") of an annualised dividend yield of 5%, by reference to the
IPO issue price of GBP1.00 per ordinary share for FY 2021*.
For further information please contact:
Octopus Investments Limited (Investment Manager) Via Buchanan
Matt Setchell, Chris Gaydon, David Bird
Peel Hunt (Broker)
Liz Yong, Luke Simpson, Huw Jeremy (Investment
Banking)
Alex Howe, Chris Bunstead, Ed Welsby, Richard
Harris (Sales) 020 7418 8900
Buchanan (Financial PR)
Charles Ryland, George Beal, Hannah Ratcliff 020 7466 5000
PraxisIFM (Company Secretary) 020 4513 9260
*The dividend and return targets stated in this announcement are
targets only and not profit forecasts. There can be no assurance
that these targets will be met, or that the Company will make any
distributions at all and they should not be taken as an indication
of the Company's expected future results. The Company's actual
returns will depend upon a number of factors, including but not
limited to the Company's net income and level of ongoing charges.
Accordingly, potential investors should not place any reliance on
these targets and should decide for themselves whether or not the
target dividend and target net total shareholder return are
reasonable or achievable. Investors should note that references in
this announcement to "dividends" and "distributions" are intended
to cover both dividend income and income which is designated as an
interest distribution for UK tax purposes and therefore subject to
the interest streaming regime applicable to investment trusts.
Notes to editors
About Octopus Renewables Infrastructure Trust
Octopus Renewables Infrastructure Trust plc is a closed end
investment company incorporated in England and Wales focused on
providing investors with an attractive and sustainable level of
income returns, with an element of capital growth, by investing in
a diversified portfolio of renewable energy assets in Europe and
Australia.
Further details can be found at
www.octopusrenewablesinfrastructure.com
About Octopus Renewables
Octopus Renewables is a specialist clean energy investor.
Launched in 2010 its mission is to accelerate the transition to a
future powered by renewable energy. It has a diverse portfolio of
assets with a capacity of over 2.8GW, making it the largest
commercial solar investor in Europe and a leading investor in
onshore wind.
Octopus Renewables is also leading the next wave of renewables
being built across Europe and Australia without government
subsidies. There is a significant opportunity to unblock much
needed investment by building bespoke portfolios of renewable
assets at scale, across technologies and countries, to create
better outcomes for our investors.
Further details can be found at www.octopusrenewables.com
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