US Solar Fund PLC Q4 2019 Interim Dividend (9176E)
04 March 2020 - 6:00PM
UK Regulatory
TIDMUSF TIDMUSFP
RNS Number : 9176E
US Solar Fund PLC
04 March 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, TO US PERSONS OR INTO OR WITHIN
THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER
JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO WOULD
BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE
OR FORM PART OF ANY OFFER TO SELL OR ISSUE, OR ANY SOLICITATION OF
ANY OFFER TO PURCHASE, SUBSCRIBE FOR OR OTHERWISE ACQUIRE, ANY
INVESTMENTS IN ANY JURISDICTION.
4 March 2020
US SOLAR FUND PLC (USF, the "Company")
Q4 2019 Interim Dividend
US Solar Fund plc (LON: USF (USD)/USFP (GBP)) is pleased to
announce a dividend of 0.50 cents per Ordinary Share for the period
ending 31 December 2019. The dividend will be paid on 22 May 2020
to Shareholders on the register as at the close of business on 1
May 2020. The ex-dividend date is 30 April 2020.
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 0.50 cents per
Ordinary Share, 0.135 cents is declared as dividend income with
0.365 cents treated as qualifying interest income.
This dividend represents an annualised dividend yield of 2% when
measured against the initial issue price of $1 per share.
- ENDS -
Further information on the Company can be found on its website
at http://www.ussolarfund.co.uk .
For further information, please contact:
US Solar Fund
Whitney V oûte +1 718 230 4329
Cenkos Securities plc
Will Rogers
Rob Naylor
Will Talkington +44 20 7397 8900
KL Communications +44 20 3603 2803
Charles Gorman
Charlotte Stickings
JTC (UK) Limited (Company Secretary) USSolarFund-CompanySecretary@jtcgroup.com
Christopher Gibbons +44 20 3846 9774
About US Solar Fund plc
US Solar Fund plc listed on the premium segment of the London
Stock Exchange in April 2019, following its successful US$200m IPO.
The Company's investment objective is to provide investors with
attractive and sustainable dividends with an element of capital
growth by investing in a diversified portfolio of solar power
assets in North America and other OECD countries in the
Americas.
The Company acquires or constructs, owns and operates solar
power assets that are expected to have an asset life of at least 30
years and generate stable and uncorrelated cashflows by selling
electricity to creditworthy offtakers under long-term power
purchase agreements (or PPAs).
Further information on the Company can be found on its website
at http:// www.ussolarfund.co.uk .
About the Investment Manager
USF is managed by New Energy Solar Manager (NESM or the
Investment Manager). NESM also manages New Energy Solar, an
Australian Securities Exchange (ASX)-listed fund which has
committed over US$900m to US and Australian solar plants since late
2015.
NESM is owned by Walsh & Company, the funds management
division of Evans Dixon, an ASX-listed company (ASX: ED1) with over
A$18 billion of funds under advice and management.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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