Last checked at 
4 Mar 2020 07:00
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4 March 2020
US SOLAR FUND PLC (USF, the "Company")
Q4 2019 Interim Dividend
US Solar Fund plc (LON: USF (USD)/USFP (GBP)) is pleased to announce a dividend of 0.50 cents per Ordinary Share for the period ending 31 December 2019. The dividend will be paid on 22 May 2020 to Shareholders on the register as at the close of business on 1 May 2020. The ex-dividend date is 30 April 2020.
Any such dividend payment to Shareholders may take the form of either dividend income or "qualifying interest income" which may be designated as an interest distribution for UK tax purposes and therefore subject to the interest streaming regime applicable to investment trusts. Of this dividend declared of 0.50 cents per Ordinary Share, 0.135 cents is declared as dividend income with 0.365 cents treated as qualifying interest income.
This dividend represents an annualised dividend yield of 2% when measured against the initial issue price of $1 per share.
- ENDS -
Further information on the Company can be found on its website at http://www.ussolarfund.co.uk.
For further information, please contact:
US Solar Fund Whitney Voûte
| +1 718 230 4329 |
Cenkos Securities plc Will Rogers Rob Naylor Will Talkington
| +44 20 7397 8900 |
KL Communications | +44 20 3603 2803 |
Charles Gorman Charlotte Stickings | |
JTC (UK) Limited (Company Secretary) | USSolarFund-CompanySecretary@jtcgroup.com |
Christopher Gibbons | +44 20 3846 9774 |
About US Solar Fund plc
US Solar Fund plc listed on the premium segment of the London Stock Exchange in April 2019, following its successful US$200m IPO. The Company's investment objective is to provide investors with attractive and sustainable dividends with an element of capital growth by investing in a diversified portfolio of solar power assets in North America and other OECD countries in the Americas.
The Company acquires or constructs, owns and operates solar power assets that are expected to have an asset life of at least 30 years and generate stable and uncorrelated cashflows by selling electricity to creditworthy offtakers under long-term power purchase agreements (or PPAs).
Further information on the Company can be found on its website at http://www.ussolarfund.co.uk.
About the Investment Manager
USF is managed by New Energy Solar Manager (NESM or the Investment Manager). NESM also manages New Energy Solar, an Australian Securities Exchange (ASX)-listed fund which has committed over US$900m to US and Australian solar plants since late 2015.
NESM is owned by Walsh & Company, the funds management division of Evans Dixon, an ASX-listed company (ASX: ED1) with over A$18 billion of funds under advice and management.