Interim Dividend Declaration

RNS Number : 7968N

SDCL Energy Efficiency Income Tst

22 May 2020

 

22 May 2020

SDCL Energy Efficiency Income Trust plc

("SEEIT" or the "Company")

Interim Dividend Declaration

SDCL Energy Efficiency Income Trust plc is pleased to announce the second interim dividend in respect of the year ended 31 March 2020 of 2.5 pence per Ordinary Share. The shares will go ex-dividend on 4 June 2020 and the dividend will be paid on 30 June 2020 to shareholders on the register as at the close of business on 5 June 2020.

This second interim dividend along with the first interim dividend of 2.5 pence per Ordinary Share, paid in December 2019, takes the total dividend in respect of the year ended 31 March 2020 to 5.0 pence per Ordinary Share - equal to the target set by the Company at the time of its IPO in December 2018.

As previously stated, the Company intends to move to paying interim dividends on a quarterly rather than semi-annual basis from the financial year starting 1 April 2020.

For Further Information

Sustainable Development Capital LLP Jonathan Maxwell Eugene Kinghorn Purvi Sapri Keith Driver	T: [phone]
Jefferies International Limited Neil Windward Stuart Klein Tom Yeadon	T: [phone]
TB Cardew Ed Orlebar Joe McGregor	T: [phone] M: [phone] E: [e-mail]

About SEEIT

SDCL Energy Efficiency Income Trust plc (the "Company") is the first UK listed company of its kind to invest exclusively in the energy efficiency sector. Examples of the projects in the portfolio include combined cooling/heating and power plants, as well as energy efficiency projects in the UK and the US. Since IPO, the Company has invested in a diversified portfolio of energy efficiency assets, including the seed portfolio, a portfolio of rooftop solar PV projects for Tesco (UK), a portfolio of cogeneration assets (USA), a portfolio of energy efficiency loans (USA) and a portfolio of cogeneration assets (Spain).

The Company aims to deliver shareholders value through its investment in a diversified portfolio of energy efficiency projects which are driven by the opportunity to deliver lower cost, cleaner and more reliable energy solutions to end users of energy.

The Company is targeting an attractive total return for shareholders of 7-8 per cent. per annum (net of fees and expenses and by reference to the initial issue price of £1.00 per Ordinary Share), with a stable dividend income, capital preservation and the opportunity for capital growth.

Further information can be found on the Company's website at www.sdcleeit.com.

Investment Manager

SEEIT's investment manager is Sustainable Development Capital LLP ("SDCL"), an investment firm established in 2007, with a proven track record of investment in energy efficiency and decentralised generation projects in the UK, Continental Europe, North America and Asia.

SDCL is headquartered in London and the group also operates worldwide from offices in New York, Dublin, Hong Kong and Singapore. SDCL is authorised and regulated in the UK by the Financial Conduct Authority.

 

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