Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEcofin U.s. $ Regulatory News (RNEW)

Share Price Information for Ecofin U.s. $ (RNEW)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.5275
Bid: 0.505
Ask: 0.55
Change: 0.00 (0.00%)
Spread: 0.045 (8.911%)
Open: 0.52
High: 0.5275
Low: 0.52
Prev. Close: 0.5275
RNEW Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Dividend Declaration

7 Aug 2023 07:00

RNS Number : 4173I
Ecofin US Renewables Infrastr.Trust
07 August 2023
 

7 August 2023

 

 

ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC

(the "Company")

 

Dividend Declaration

 

The Board of Ecofin U.S. Renewables Infrastructure Trust PLC declares an interim dividend in respect of the period from 1 April 2023 to 30 June 2023 of 0.7 cents per Ordinary Share (the "Q2 2023 Dividend"), payable on 8 September 2023 to shareholders on the register on 18 August 2023. The ex-dividend date will be on 17 August 2023.

 

As announced on 29 June and 27 July 2023, the Company expects to see a decline in net cash flow following historically low wind resource during the quarter at Whirlwind, a phenomenon that was experienced across the U.S., compounded by the recent events at Whirlwind, corrective maintenance interruptions at two of the solar projects leading to lower-than-expected energy performance, and one-time costs. As a result, the Board prudently decided to reduce the Q2 2023 Dividend.

 

The Investment Manager continues to work closely with its asset and operations managers to remedy the recent and unexpected operational challenges. As a result of these challenges, the Board expects the Company's dividend for each of the quarters ending 30 September 2023 and 31 December 2023 to remain at a reduced level of 0.70 cents per share. Taken together with the dividends declared for the quarters ended 31 March 2023 and 30 June 2023, this would equate to a dividend target of 3.5 cents per share for the 2023 financial year.* The Board and Investment Manager continue to monitor closely the operating cash flows of the business and are keeping the appropriate level of future quarterly dividends under review.

 

* The dividend targets stated in this announcement are targets only and not profit forecasts. There can be no assurance that these targets will be met, or that the Company will make any distributions at all and they 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 these targets and should decide for themselves whether or not the target dividend is reasonable or achievable.

 

 

For further information, please contact:

 

Ecofin Advisors, LLC (Investment Manager)

Edward Russell

Eileen Fargis

Jason Benson

Michael Hart

 

+1 913 981 1020

Peel Hunt LLP (Joint Corporate Broker)

Liz Yong

Luke Simpson

Huw Jeremy

 

+44 20 7418 8900

 

Stifel (Joint Corporate Broker)

Edward Gibson-Watt

Rajpal Padam

Madison Kominski

 

+44 20 7710 7600

Apex Listed Companies Services (UK) Limited (Company Secretary)

Martin Darragh

Maria Matheou

+44 20 3327 9720

FTI Consulting (Financial PR)

Matthew O'Keeffe

Mitch Barltrop

Vee Montebello

 

+44 7976 075797

Further information on the Company can be found on its website at https://uk.ecofininvest.com/funds/us-renewables-infrastructure-trust-plc/.

 

The Company's LEI is 2138004JUQUL9VKQWD21.

 

 

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.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DIVPIMFTMTTMBAJ
Date   Source Headline
27th Jan 20234:00 pmRNSQuotedData's Weekly News & Interview
26th Jan 202311:30 amRNSUpdate research from QuotedData
19th Jan 20234:12 pmRNSHolding(s) in Company
17th Jan 20237:00 amRNSName Change of Administrator and Company Secretary
14th Dec 202211:13 amRNSDirector/PDMR Shareholding
13th Dec 20223:59 pmRNSDirector/PDMR Shareholding
15th Nov 202211:10 amRNSExchange rate for interim dividend
2nd Nov 20227:00 amRNSPurchase of Management Fee Shares
31st Oct 20227:00 amRNSNet Asset Value(s)
31st Oct 20227:00 amRNSDividend Declaration
31st Oct 20227:00 amRNSQuarterly Factsheet as at 30 September 2022
24th Oct 20227:00 amRNSAppointment of Managing Director and Group Lead
16th Sep 20227:00 amRNSHalf-year Report
14th Sep 20225:16 pmRNSDirector/PDMR Shareholding
14th Sep 202212:36 pmRNSDirector/PDMR Shareholding
17th Aug 202210:04 amRNSExchange rate for interim dividend
1st Aug 20227:00 amRNSTotal Voting Rights
28th Jul 20227:00 amRNSNet Asset Value(s)
28th Jul 20227:00 amRNSDividend Declaration
28th Jul 20227:00 amRNSQuarterly Factsheet as at 30 June 2022
28th Jul 20227:00 amRNSIssue of Management Fee Shares
19th Jul 20227:00 amRNSInvestment Management Update
15th Jul 20224:18 pmRNSHolding(s) in Company
12th Jul 20224:46 pmRNSDirector/PDMR Shareholding
12th Jul 20224:45 pmRNSDirector/PDMR Shareholding
22nd Jun 20224:57 pmRNSResult of AGM
22nd Jun 20227:00 amRNSAGM Update
1st Jun 20227:00 amRNSTotal Voting Rights
30th May 20222:11 pmRNSExchange rate for the interim dividend
24th May 20223:48 pmRNSDirector/PDMR Shareholding
20th May 20227:00 amRNSResults of Placing and REX Retail Offer
10th May 20227:01 amRNSREX Retail Offer
10th May 20227:00 amRNSLaunch of Placing to fund near-term pipeline
3rd May 20223:15 pmRNSTotal Voting Rights
29th Apr 202212:38 pmRNSDirector Declaration
28th Apr 20227:05 amRNSIssue of Equity
28th Apr 20227:02 amRNSDividend Declaration
28th Apr 20227:00 amRNSNet Asset Value(s)
19th Apr 20227:00 amRNSAnnual Financial Report
13th Apr 202212:17 pmRNSDirector/PDMR Shareholding
13th Apr 202211:41 amRNSDirector/PDMR Shareholding
4th Apr 20227:00 amRNSAppointment of Joint Broker
25th Mar 202212:41 pmRNSResearch from QuotedData
11th Mar 20227:00 amRNSNet Asset Value at 31 December 2021
1st Mar 202212:54 pmRNSExchange rate for Interim dividend
31st Jan 20222:38 pmRNSPurchase of Management Fee Shares
27th Jan 20227:00 amRNSInterim Dividend Declaration and Quarterly NAV
16th Dec 20217:00 amRNSDirector/PDMR Shareholding
6th Dec 20214:56 pmRNSChange of Registered Office
29th Nov 202111:00 amRNSExchange rate for the interim dividend: Correction

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.