Bluefield Solar Income Fund Limited First Interim Dividend (9308N)
January 24 2019 - 1:00AM
UK Regulatory
TIDMBSIF
RNS Number : 9308N
Bluefield Solar Income Fund Limited
24 January 2019
24 January 2019
Bluefield Solar Income Fund Limited
('Bluefield Solar' or the 'Company')
First Interim Dividend Announcement
Bluefield Solar (LON: BSIF), a sterling income fund that invests
in UK-based solar assets, is pleased to announce the Company's
first interim dividend for the current financial year, which ends
on 30 June 2019 (the 'First Interim Dividend'). Unless otherwise
noted herein, the information provided in this announcement, and
any asset valuations underlying such information, is unaudited.
The First Interim Dividend of 1.90 pence per Ordinary Share
(2018: 1.80 pence) will be payable to shareholders on the register
as at 1 February 2019 with an associated ex-dividend date of 31
January 2019 and a payment date of 22 February 2019.
Bluefield Solar and its Board of Directors set annual dividend
targets which are intended to grow in line with the Retail Price
Index ('RPI'), using the 2014/15 financial year dividend of 7 pence
per share as a base. The total dividend for the financial year
ending 30 June 2018 was 7.43 pence per Ordinary Share. The target
dividend for the financial year ending 30 June 2019 remains at 7.68
pence per Ordinary Share, as published in the Company's latest
annual report for the financial year ending 30 June 2018.
- Ends -
For further information:
Bluefield Partners LLP (Company Investment Tel: +44 (0) 20 7078
Adviser) 0020
James Armstrong / Mike Rand / Giovanni www.bluefieldllp.com
Terranova
Numis Securities Limited (Company Broker) Tel: +44 (0) 20 7260
Tod Davis / David Benda 1000
www.numis.com
Estera International Fund Managers (Guernsey) Tel: +44 (0) 1481 742
Limited 742
(Company Secretary & Administrator) www.estera.com
Kevin Smith
Media enquiries:
Buchanan (PR Adviser) Tel: +44 (0) 20 7466
Henry Harrison-Topham / Henry Wilson 5000
www.buchanan.uk.com
BSIF@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 to 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 465
Megawattpeak (MWp).
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 GBP1.5 billion of solar
PV funds and/or transactions in both the UK and Europe since 2008,
including over GBP800 million in the UK since December 2011.
Bluefield 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,
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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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