Octopus Renewables Infra Trust PLC Dividend Declaration (6327Y)
May 09 2023 - 1:00AM
UK Regulatory
TIDMORIT
RNS Number : 6327Y
Octopus Renewables Infra Trust PLC
09 May 2023
9 May 2023
LEI: 213800B81BFJKWM2JV13
Octopus Renewables Infrastructure Trust plc
("ORIT" or the "Company")
Dividend Declaration
The Board of Octopus Renewables Infrastructure Trust plc is
pleased to declare an interim dividend in respect of the period
from 1 January 2023 to 31 March 2023 of 1.44 pence per ordinary
share, payable on 2 June 2023 to shareholders on the register at 19
May 2023 (the "Q1 2023 Dividend"). The ex-dividend date will be 18
May 2023.
A portion of the Company's dividend is designated as an interest
distribution for UK tax purposes. The interest streaming percentage
for the Q1 2023 Dividend is 58.3%.
The Q1 2023 Dividend is in line with the Company's dividend
target for the financial year from 1 January 2023 to 31 December
2023 of 5.79 pence per ordinary share*.
For further information please contact:
Octopus E nergy Generation (Investment Manager) Via Buchanan
Chris Gaydon, David Bird
Peel Hunt (Broker)
Liz Yong, Luke Simpson, Huw Jeremy (Investment
Banking)
Alex Howe, Chris Bunstead, Ed Welsby, Richard Harris,
Michael Bateman (Sales) 020 7418 8900
Buchanan (Financial PR)
Charles Ryland, Hannah Ratcliff, George Beale 020 7466 5000
Apex Listed Companies Services (UK) Limited (Company
Secretary) 020 3327 9720
*The dividend target stated in this announcement is a target
only and not a profit forecast. There can be no assurance that this
target will be met, or that the Company will make any distributions
at all and it should not be taken as an indication of the Company's
expected future results. The Company's actual returns will depend
upon a number of factors, including but not limited to the
Company's net income and level of ongoing charges. Accordingly,
potential investors should not place any reliance on this target
and should decide for themselves whether or not the target dividend
is reasonable or achievable. Investors should note that references
in this announcement to "dividends" and "distributions" are
intended to cover both dividend income and income which is
designated as an interest distribution for UK tax purposes and
therefore subject to the interest streaming regime applicable to
investment trusts.
Notes to editors
About Octopus Renewables Infrastructure Trust
Octopus Renewables Infrastructure Trust ("ORIT") is a
closed-ended investment company incorporated in England and Wales
focused on providing investors with an attractive and sustainable
level of income returns, with an element of capital growth, by
investing in a diversified portfolio of renewable energy assets in
Europe and Australia. ORIT's investment manager is Octopus Energy
Generation.
Further details can be found at www.octopusrenewablesinfrastructure.com
About Octopus Energy Generation
Octopus Energy Generation is driving the renewable energy agenda
by building green power for the future. Its London-based, leading
specialist renewable energy fund management team invests in
renewable energy assets and broader projects helping the energy
transition, across operational, construction and development
stages. The team was set up in 2010 based on the belief that
investors can play a vital role in accelerating the shift to a
future powered by renewable energy. It has a 12-year track record
with approximately GBP6.0 billion of assets under management (AUM)
(as of January 2023) across 13 countries and total 3.2GW. These
renewable projects generate enough green energy to power 2 million
homes every year, the equivalent of taking over 800,000 petrol cars
off the road. Octopus Energy Generation is the trading name of
Octopus Renewables Limited.
Further details can be found at www.octopusenergygeneration.com
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