Dividend Declaration

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 £1.00 per ordinary share for FY 2021*.

For further information please contact:

Octopus Investments Limited (Investment Manager) Matt Setchell, Chris Gaydon, David Bird	Via Buchanan
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  

Neither the content of any website referred to in this announcement nor the content of any website accessible from hyperlinks is incorporated into, or forms part of, this announcement.

 

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