Last checked at 2 Nov 2022 07:00
2 November 2022
ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC
(the "Company")
Purchase of Management Fee Shares
The Company announces that, in accordance with the terms of the Investment Management Agreement ("IMA") with Ecofin Advisors, LLC (the "Investment Manager"), on 1 November 2022 the Investment Manager purchased 57,705 Ordinary Shares ("Management Fee Shares") at an average price of $0.865 per Management Fee Share, reflecting the management fee due for the period from 1 July 2022 to 30 September 2022.
Pursuant to the IMA, 15 per cent. of the management fee is payable in the form of Ordinary Shares, subject to a rolling lock-up of 12 months. The details of the IMA were disclosed in the Company's annual report for the period ended 31 December 2021 (the "Annual Report").
Combined with previous Management Fee Share purchases and issuances, the Investment Manager and the relevant Associates will hold a total of 287,791 Management Fee Shares.
Unless the context otherwise requires, capitalised terms used in this announcement have the meanings provided in the Annual Report.
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
| +44 207 418 8900
|
Stifel (Joint Corporate Broker) Mark Bloomfield Rajpal Padam Madison Kominski
| +44 207 710 7600 |
Sanne Fund Services (UK) Limited (Company Secretary) Martin Darragh Maria Matheou
| +44 20 3327 9720 |
FTI Consulting (Financial PR) Matthew O'Keeffe Mitch Barltrop Vee Montebello
| +44 797 607 5797 |
About Ecofin Advisors, LLC
Ecofin is a sustainable investment firm with roots dating to the 1990s and a global footprint with offices in the US and UK. We are driven by the idea that sustainable investment can deliver strong risk-adjusted returns while making a true impact on the environment and society. Our strategies offer global solutions in private and public securities that address global challenges in climate action, water and sustainable communities. Through these strategies we seek to achieve positive impacts that align with the UN Sustainable Development Goals and are accessible through a variety of vehicles.
About Ecofin U.S. Renewables Infrastructure Trust PLC ("RNEW")
Ecofin U.S. Renewables Infrastructure Trust PLC ("RNEW" or the "Company") is a closed ended investment company incorporated in England and Wales, targeting attractive risk-adjusted returns and a sustainable dividend yield through a differentiated investment strategy focused on the middle market of U.S. renewable energy. The Company's ordinary shares ("Shares") were admitted to the Official List of the Financial Conduct Authority and to trading on the premium listing segment of the main market of the London Stock Exchange on 22 December 2020. The Company's ordinary shares can be traded in USD (ticker "RNEW"), or in GBP (ticker "RNEP"). The Company has been awarded the London Stock Exchange Green Economy Mark.
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.