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Pin to quick picksSdcl Ef. Inc Tr Regulatory News (SEIT)

Share Price Information for Sdcl Ef. Inc Tr (SEIT)

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37.35    0.25 (0.67%)
Bid:
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Spread: 0.25 (0.675%)
Market Cap: £405.40m
SEIT Live PriceLast checked at - London Stock Exchange

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Interim Dividend Declaration

31 Jul 2020 16:00

RNS Number : 8215U
SDCL Energy Efficiency Income Tst
31 July 2020
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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:

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Sustainable Development Capital LLP

Jonathan Maxwell

Eugene Kinghorn

Purvi Sapre

Keith Driver

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T: +44 (0) 20 7287 7700

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Jefferies International Limited

Tom Yeadon

Gaudi le Roux

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T: +44 (0) 20 7029 8000

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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 plcΒ 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 theΒ UKΒ 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 theΒ UKΒ and a portfolio of cogeneration assets in north eastΒ 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 inΒ the United States, a portfolio of cogeneration assets inΒ SpainΒ and a portfolio of recycled energy and cogeneration projects inΒ the United States.

The Company's total assets are primarily allocated across theΒ UK,Β EuropeΒ andΒ North AmericaΒ 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 ofΒ Β£1.00Β 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 toΒ 31 March 2021. SEEIT's last published NAV was 101.0p per share as atΒ 31 March 2020.

Further information can be found on the Company's website atΒ www.sdcleeit.com.

Investment Manager

SEEIT's investment manager isΒ Sustainable Development Capital LLPΒ ("SDCL"), an investment firm established in 2007, with a proven track record of investment in energy efficiency and decentralised generation projects in theΒ UK, Continental Europe,Β North AmericaΒ andΒ Asia.

SDCL is headquartered inΒ LondonΒ and the group also operates worldwide from offices inΒ New York,Β Dublin,Β Hong KongΒ andΒ Singapore. SDCL is authorised and regulated in theΒ UKΒ by the Financial Conduct Authority.

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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.
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