Bluefield Solar Income Fund Limited Statement re. Non-Mainstream Pooled Investments (9576B)
March 11 2014 - 2:06AM
UK Regulatory
TIDMBSIF
RNS Number : 9576B
Bluefield Solar Income Fund Limited
11 March 2014
11 March 2014
BLUEFIELD SOLAR INCOME FUND LIMITED
(the "Company")
Statement regarding Non-Mainstream Pooled Investment
Products
The Board of the Company notes the rules of the UK Financial
Conduct Authority ("FCA") on the promotion of non-mainstream pooled
investments, effective from 1 January 2014.
The Board has received appropriate legal advice which confirms
that the Company's shares will qualify as an 'excluded security'
under these new rules and will therefore be excluded from the FCA's
restrictions which apply to non-mainstream investment products.
The Company is advised that its shares are excluded from the
FCA's restrictions which apply to non-mainstream investment
products principally because the Company has conducted its affairs
in such a manner that it would have qualified for approval by HMRC
as an investment trust had it been resident in the UK. The Company
intends to conduct its affairs so that this remains the case for
the foreseeable future.
For further enquiries please contact:
James Armstrong / Mike Rand / Giovanni Terranova
Bluefield Partners LLP - Company Investment Adviser
Tel: +44 (0)20 7078 0020
Tod Davis / David Benda / Jamie Lillywhite
Numis Securities Limited - Company Broker
Tel: +44 (0)20 7260 1000
Nick Bastin / Liam Clark / Giles Abbott
Capital MSL, Financial Communications
Tel: +44 (0)20 7307 5330
Kevin Smith
Heritage International Fund Managers Limited - Company Secretary
& Administrator
Tel: +44 (0)1481716000
About Bluefield Solar Income Fund Limited (the "Company" or
"BSIF")
BSIF is a Guernsey-registered investment company focusing on
large scale agricultural and industrial solar assets. The Company
raised gross proceeds of GBP130 million in July 2013 through an
initial public offering ("IPO") of shares on the main market of the
London Stock Exchange. It raised further capital via a tap issue in
February 2014.
The Company seeks to provide shareholders with an attractive
return, principally in the form of semi-annual income
distributions, by investing in a diversified portfolio of solar
energy assets, each located within the UK, with a focus on utility
scale assets and portfolios on greenfield, industrial and/or
commercial sites.
About Bluefield Partners LLP ("Bluefield")
Bluefield was established in 2009 as a specialist investor into
solar energy. Bluefield's team has a proven track record in the
selection, acquisition and management of large scale energy and
infrastructure assets in the UK and Europe.
The managing partners have been involved in over GBP350m of
solar photovoltaic ("PV") funds and/or transactions in both the UK
and Europe since 2008, including over GBP170m in the UK since
December 2011. Bluefield has led the acquisitions, and currently
advises, on over 50 UK based solar assets.
Bluefield was appointed Investment Adviser to the Company in
June 2013.
The managing partners have been involved in over GBP355m of
solar photovoltaic ("PV") fund and/or transactions in both the UK
and Europe since 2008, including over GBP170m in the UK since
December 2011.
Bluefield was appointed the investment adviser to the Company in
June 2013.
Website: www.bluefieldllp.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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