Bluefield Solar Income Fund Limited Third Interim Dividend Announcement (3346N)
August 08 2017 - 1:01AM
UK Regulatory
TIDMBSIF
RNS Number : 3346N
Bluefield Solar Income Fund Limited
08 August 2017
8 August 2017
Bluefield Solar Income Fund Limited
('Bluefield Solar' or the 'Company')
Third Interim Dividend Announcement
Bluefield Solar (LON:BSIF), a sterling income fund that invests
in UK-based solar assets, is pleased to announce a third interim
dividend for the financial year ending 30 June 2017 (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 1.5 pence per Ordinary Share will
be payable to Shareholders on the register as at 18 August 2017
with an associated ex-dividend date of 17 August 2017 and a payment
date of 8 September 2017. This is the same as the Third Interim
Dividend of 1.5 pence per Ordinary Share for the financial year
ended 30 June 2016.
Upon payment of the Third Interim Dividend, the total interim
dividends paid to Shareholders for the Financial Year will be 5.75
pence per Ordinary Share, which is unchanged from the total
dividends in the same period for the financial year ended 30 June
2016. A final dividend for the financial year ending 30 June 2017
will be declared in conjunction with the publication of the
Company's annual report and consolidated financial statements for
the financial year ending 30 June 2017 (the 'Financial
Statements'), expected to be published on 18 September 2017.
Bluefield Solar and its Board of Directors continue to target
dividends growing by RPI from a 7.07pence per Ordinary Share level
for the financial year ending 30 June 2016, which resulted in a
minimum of 7.18 pence per Ordinary Share for the financial year
ending 30 June 2017, which the Company is expecting to meet or
exceed, with the intention of this rising annually with RPI
thereafter.
Commenting on the Third Interim Dividend, John Rennocks,
Chairman of Bluefield Solar, said: "For the fourth year since our
IPO we continue to deliver highly attractive income, largely
non-correlated to traditional markets. This is the very essence of
Bluefield Solar. A sterling income product delivering long-term and
sustainable dividends for our Shareholders."
- Ends -
For further information:
Bluefield LLP (Company Investment Tel: +44 (0) 20 7078 0020
Adviser)
James Armstrong / Mike Rand www.bluefieldllp.com
/ Giovanni Terranova
Numis Securities Limited (Company Tel: +44 (0)
Broker) 20 7260 1000
Tod Davis / David Benda www.numis.com
Heritage International Fund Managers
Limited
(Company Secretary & Administrator) Tel: +44 (0)
1481 716 000
Kevin Smith www.heritage.co.gg
Media enquiries:
Buchanan (PR Adviser)
Henry Harrison-Topham / Vicky Tel: +44 (0) 20 7466 5000
Hayns / Henry Wilson
BSIF@buchanan.uk.com www.buchanan.uk.com
Notes to Editors
About Bluefield Solar
Bluefield Solar is a sterling income fund focused on acquiring
and managing UK-based solar projects to generate stable renewable
energy for periods of typically 25-years or longer. The Company's
primary objective is to deliver its Shareholders stable, long term
sterling income via quarterly dividends, which are linked to RPI.
The majority of the Group's revenue streams are regulated and
non-correlated to traditional markets. 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
400MWp.
Bluefield Solar is working with Bluefield Services Limited,
which is providing asset management services to the fund. Bluefield
Services is a Bristol-based technical asset management business,
offering services such as asset monitoring, operations and contract
management and technical optimisation.
Further information can be viewed at www.bluefieldsif.com.
About Bluefield Partners LLP ('Bluefield')
Bluefield was established in 2009 and is an investment adviser
to companies and funds investing in solar energy infrastructure. It
has a proven record in the selection, acquisition and supervision
of large scale energy and infrastructure assets in the UK and
Europe. The team has been involved in over GBP1.25 billion of solar
PV funds and/or transactions in both the UK and Europe since 2008,
including over GBP500 million in the UK since December 2011.
Bluefield has led the acquisitions of, and currently advises on
over 70 UK based solar PV assets that are agriculturally,
commercially or industrially situated. Based in its London office,
Bluefield's partners are supported by a dedicated and highly
experienced team of investment, legal and portfolio executives.
Bluefield was appointed Investment Adviser to the Company in June
2013.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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