Quarterly Dividend

RNS Number : 8819L

Ecofin Global Utilities Inf Tst PLC

06 October 2016

 

6 October 2016

Ecofin Global Utilities and Infrastructure Trust plc

Quarterly Dividend

In the prospectus published by Ecofin Global Utilities and Infrastructure Trust plc (the "Company") on 6 July 2016 (the "Prospectus"), the Board stated that the Company would target an initial dividend yield of at least 4 per cent. on net assets.

In line with the dividend policy, the Board has resolved to target quarterly dividend payments of 1.6 pence per share for the period to 30 September 2017, which is equivalent to an annualised yield of 4.55 per cent. on an NAV of 140.63 pence per share as at 23 September 2016, the Company's opening NAV. The Board will review the quarterly dividend payments for the year commencing 1 October 2017 with a view to having a progressive dividend policy.

In accordance with the Board's intention set out in the Prospectus, the Company has applied to court to cancel the entirety of its share premium account with the resultant reserve being available to support dividends, where the Board considers it appropriate. The court date has been set for mid-November 2016 and as such the Company expects to declare its maiden dividend in mid-November with the dividend being paid in early December. Following the payment of the maiden dividend, dividends will be payable on the last business day of February, May, August and November. A dividend payment schedule is set out below:

Three month period to:	Dividend per share	Payment date
30 September 2016	1.6 pence	Early December 2016
31 December 2016	1.6 pence	28 February 2017
31 March 2017	1.6 pence	31 May 2017
30 June 2017	1.6 pence	31 August 2017
30 September 2017	1.6 pence	30 November 2017

For further information, please contact:

BNP Paribas Secretarial Services Limited Susan Gledhill, Company Secretary	020 7410 5971
Winterflood Investment Trusts Joe Winkley Neil Langford	020 3100 0000

 

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