Third Interim Dividend

RNS Number : 9485T

Bluefield Solar Income Fund Limited

24 July 2020

 

24 July 2020

Bluefield Solar Income Fund Limited

('Bluefield Solar' or the 'Company')

Third Interim Dividend Announcement

Bluefield Solar (LON: BSIF), a UK focused income fund that invests primarily in solar assets, is pleased to announce the Company's third interim dividend for the financial year which ended on 30 June 2020 (the 'Third Interim Dividend').  Unless otherwise noted herein, the information provided in this announcement and any asset valuations underlying such information is unaudited.

The Third Interim Dividend of 1.95 pence per Ordinary Share (August 2019: 1.90 pence per Ordinary Share) will be payable to Shareholders on the register as at 7 August 2020, with an associated ex-dividend date of 6 August 2020 and a payment date of 21 August 2020.

The Board is pleased to reconfirm its guidance of a full year dividend of 7.90 pence per Ordinary Share for the financial year ending 30 June 2020 compared to a full dividend of 7.68 pence per Ordinary Share for the financial year ending 30 June 2019.  This will be covered by earnings and is post debt amortisation. Furthermore, the Board reconfirms the Company's target dividend of 8.00 pence per Ordinary Share for the financial year ending on 30 June 2021.

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For further information:

Bluefield Partners LLP  (Company Investment Adviser) James Armstrong /Neil Wood/Giovanni Terranova	Tel: [phone] www.bluefieldllp.com
Numis Securities Limited  (Company Broker) Tod Davis / David Benda	Tel: [phone] www.numis.com
Ocorian (Company Secretary & Administrator) Kevin Smith	Tel: [phone] www.ocorian.com
Media enquiries: Buchanan  (PR Adviser) Henry Harrison-Topham / Victoria Hayns / Henry Wilson	Tel: [phone] www.buchanan.uk.com [e-mail]

Notes to Editors

About Bluefield Solar

Bluefield Solar is a UK income fund focused, primarily, on acquiring and managing UK-based solar projects to generate renewable energy for periods of typically 25 years or longer. Not less than 75% of the Company's gross assets will be invested into UK solar assets. The Company can also invest up to 25% of its gross assets into onshore wind, hydro and storage technologies.  Its primary objective is to deliver to its shareholders stable, long term sterling income via quarterly dividends.  The majority of the Group's revenue streams are regulated and non-correlated to the UK energy market.  Bluefield Solar owns and operates one of the UK's largest, diversified portfolios of solar assets with a combined installed power capacity in excess of 478 Megawatt peak (MWp).

Further information can be viewed at www.bluefieldsif.com

About Bluefield Partners

Bluefield Partners was established in 2009 and is an investment adviser to companies and funds investing in renewable energy infrastructure.  It has a proven record in the selection, acquisition and supervision of large-scale energy assets in the UK and Europe.  The team has been involved in over £1.8 billion renewable funds and/or transactions in both the UK and Europe since 2008, including over £1.1 billion in the UK since December 2011.

Bluefield Partners has led the acquisitions of, and currently advises on, over 85 UK based solar PV assets that are agriculturally, commercially or industrially situated.  Based in its London office, it is supported by a dedicated and highly experienced team of investment, legal and portfolio executives.  Bluefield Partners was appointed Investment Adviser to Bluefield Solar in June 2013.

 

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