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Last checked at 
31 Jul 2020 16:00
31 July 2020
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SDCL Energy Efficiency Income Trust plc
("SEEIT" or the "Company")
Interim Dividend Declaration
SDCL Energy Efficiency Income Trust plc is pleased to announce the first quarterly interim dividend in respect of the three month period ended 30 June 2020 of 1.375 pence per Ordinary Share. The shares will go ex-dividend on 13 August 2020 and the dividend will be paid on 25 September 2020 to shareholders on the register as at the close of business on 14 August 2020.
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For Further Information: Ā | |
Sustainable Development Capital LLP Jonathan Maxwell Eugene Kinghorn Purvi Sapre Keith Driver Ā | T: +44 (0) 20 7287 7700 Ā |
Jefferies International Limited Tom Yeadon Gaudi le Roux Ā | T: +44 (0) 20 7029 8000 Ā |
TB Cardew Ed Orlebar Joe McGregor | T: +44 (0) 20 7930 0777 M: +44 (0) 7738 724 630 E: SEEIT@tbcardew.com |
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About SEEIT
SDCL Energy Efficiency Income Trust plcĀ is the first listed company of its kind to invest exclusively in the energy efficiency sector. Examples of the projects in the portfolio include combined cooling/heating and power plants, as well as energy efficiency projects in theĀ UKĀ and the US. Since acquisition of its seed portfolio at IPO, the Company has announced investment in a diversified portfolio of energy efficiency assets, including a portfolio of rooftop solar photovoltaic projects for Tesco in theĀ UKĀ and a portfolio of cogeneration assets in north eastĀ United States, which were identified as pipeline projects in its IPO prospectus, as well as an additional investment in a portfolio of energy efficiency loans inĀ the United States, a portfolio of cogeneration assets inĀ SpainĀ and a portfolio of recycled energy and cogeneration projects inĀ the United States.
The Company's total assets are primarily allocated across theĀ UK,Ā EuropeĀ andĀ North AmericaĀ in broadly equal proportions.
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 ofĀ Ā£1.00Ā 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 toĀ 31 March 2021. SEEIT's last published NAV was 101.0p per share as atĀ 31 March 2020.
Further information can be found on the Company's website atĀ www.sdcleeit.com.
Investment Manager
SEEIT's investment manager isĀ Sustainable Development Capital LLPĀ ("SDCL"), an investment firm established in 2007, with a proven track record of investment in energy efficiency and decentralised generation projects in theĀ UK, Continental Europe,Ā North AmericaĀ andĀ Asia.
SDCL is headquartered inĀ LondonĀ and the group also operates worldwide from offices inĀ New York,Ā Dublin,Ā Hong KongĀ andĀ Singapore. SDCL is authorised and regulated in theĀ UKĀ by the Financial Conduct Authority.
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