Last checked at 
8 Jan 2018 07:00
8 January 2018
Bluefield Solar Income Fund Limited
('Bluefield Solar' or the 'Company')
First Interim Dividend Announcement for the financial year ending 30 June 2018
Bluefield Solar (LON:BSIF), a sterling income fund that invests in UK-based solar assets, is pleased to announce a first interim dividend for the financial year ending 30 June 2018 (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 1.80 pence per Ordinary Share will be payable to Shareholders on the register as at 19 January 2018 with an associated ex-dividend date of 18 January 2018 and a payment date of 9 February 2018.
In the absence of further share issuances, the Company aims to pay broadly equal dividends on a quarterly basis. Hitherto, the Company's pattern of dividend payments has tended to reflect the seasonality of solar power generation.
Bluefield Solar and its Board of Directors set dividend targets which are intended to grow in line with the Retail Price Index (RPI), using the 2014/15 financial year dividends of 7 pence per share as a base. The target dividends arising out of the financial year ending 30 June 2017 were 7.18 pence per Ordinary Share, and this target will rise to 7.4 pence per Ordinary Share for the financial year ending 30 June 2018. In respect of the past three financial years, the Company has paid dividends which have exceeded the target levels.
For further information:
Bluefield Partners LLP (Company Investment Adviser)James Armstrong / Mike Rand / Giovanni Terranova | Tel: +44 (0) 20 7078 0020www.bluefieldllp.com |
Numis Securities Limited (Company Broker)Tod Davis / David Benda | Tel: +44 (0) 20 7260 1000www.numis.com |
Heritage International Fund Managers Limited(Company Secretary & Administrator)Kevin Smith | Tel: +44 (0) 1481 716 000www.heritage.co.gg |
Media enquiries:Buchanan (PR Adviser)Henry Harrison-Topham / Vicky Hayns / Henry Wilson
| Tel: +44 (0) 20 7466 5000www.buchanan.uk.comBSIF@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 440MWp.
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 £1.25 billion of solar PV funds and/or transactions in both the UK and Europe since 2008, including over £500 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.