TIDMSEIT

RNS Number : 1077A

SDCL Energy Efficiency Income Tst

28 May 2021

28 May 2021

SDCL Energy Efficiency Income Trust plc

("SEEIT" or the "Company")

Interim Dividend Declaration

SDCL Energy Efficiency Income Trust plc is pleased to announce the fourth quarterly interim dividend in respect of the three month period ended 31 March 2021 of 1.375 pence per Ordinary Share (which brings the aggregate interim dividends equivalent to 5.5 pence per Ordinary Share for the year ended 31 March 2021). The shares will go ex-dividend on 10 June 2021 and the dividend will be paid on 30 June 2021 to shareholders on the register as at the close of business on 11 June 2021.

For Further Information

 
 Sustainable Development Capital   T: +44 (0) 20 7287 7700 
  LLP 
  Jonathan Maxwell 
  Eugene Kinghorn 
  Purvi Sapre 
  Keith Driver 
 Jefferies International Limited   T: +44 (0) 20 7029 8000 
  Tom Yeadon 
  Gaudi Le Roux 
  Neil Winward 
 TB Cardew                         T: +44 (0) 20 7930 0777 
  Ed Orlebar                        M: +44 (0) 7738 724 630 
  Joe McGregor                      E: SEEIT@tbcardew.com 
 

About SEEIT

SDCL Energy Efficiency Income Trust plc is the first UK listed company of its kind to invest exclusively in the energy efficiency sector. Its projects are primarily located in the UK, Europe and North America and include, inter alia, a portfolio of cogeneration assets in Spain, a portfolio of recycled energy and cogeneration projects in the United States, a regulated gas distribution network in Sweden and, most recently, a portfolio of commercial and industrial solar and storage projects in the United States.

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 GBP1.00 per Ordinary Share), with a stable dividend income, capital preservation and the opportunity for capital growth. The Company is targeting a dividend of 5.5p per share in respect of the financial year to 31 March 2021. SEEIT's last published NAV was 102.0p per share as at 30 September 2020.

Past performance cannot be relied on as a guide to future performance.

   Further information can be found on the Company's website at   www.seeitplc.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 also operates worldwide from offices in New York, Dublin, Madrid, Hong Kong and Singapore. SDCL is authorised and regulated in the UK by the Financial Conduct Authority.

   Further information can be found at   www.sdclgroup.com . 

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