Investment Management Update

Ecofin US Renewables Infrastr.Trust

20 December 2024

 

20 December 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

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.

ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC (the "Company")

Investment Management Update

The Board of Ecofin U.S. Renewables Infrastructure Trust PLC (the "Company" or "RNEW") has been informed by its AIFM and investment manager, Ecofin Advisors, LLC ("Ecofin"), that group lead and portfolio manager Eileen Fargis will leave Ecofin on 31 December 2024 to pursue a new opportunity. 

Ed Russell, Senior Managing Director of Ecofin, who has had overall responsibility for RNEW's portfolio for several years will become portfolio manager for RNEW with effect from 1 January 2025.  Ed is supported by Nancy Johnson who heads the Finance and Asset Management team, and who works on the operational performance of each of the assets in the portfolio.  Eileen will be retained as a part-time consultant by Ecofin over Q1 2025 to support Ed and Nancy in the management of RNEW. 

The priorities are maintaining focus on managing RNEW's existing assets as well as progressing the Managed Wind Down announced on 9 September 2024 and which is subject to shareholder approval. 

For further information, please contact:

Ecofin U.S. Renewables Infrastructure Trust plc (via the Company Secretary) Patrick O'D Bourke Brett Miller
Ecofin Advisors, LLC (Investment Manager) Edward Russell	[phone]
Marathon Capital (Financial Adviser) Ammad Faisal	[phone]
Stifel (Corporate Broker) Edward Gibson-Watt Madison Kominski	[phone]
Apex Listed Companies Services (UK) Limited (Company Secretary)              Jenny Thompson Edmar Mabal	[phone]

Further information on the Company can be found on its website at https://rnewfund.com/

The Company's LEI is 2138004JUQUL9VKQWD21.

The person responsible for arranging for the release of this announcement on behalf of the Company is Jenny Thompson of Apex Listed Companies Services (UK) Limited. 

 

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