Interim Dividend Declaration

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Regulatory News | 31 Jul, 2020

Updated : 16:01

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

31 July 2020

 

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.

 

For Further Information:

 


Sustainable Development Capital LLP

Jonathan Maxwell

Eugene Kinghorn

Purvi Sapre

Keith Driver

 

T: +44 (0) 20 7287 7700

 

Jefferies International Limited

Tom Yeadon

Gaudi le Roux

 

T: +44 (0) 20 7029 8000

 

TB Cardew

Ed Orlebar

Joe McGregor

T: +44 (0) 20 7930 0777

M: +44 (0) 7738 724 630

E: SEEIT@tbcardew.com

 

About SEEIT

SDCL Energy Efficiency Income Trust plc 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 the UK 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 the UK and a portfolio of cogeneration assets in north east 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 in the United States, a portfolio of cogeneration assets in Spain and a portfolio of recycled energy and cogeneration projects in the United States.

The Company's total assets are primarily allocated across the UK, Europe and North America 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 of £1.00 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 to 31 March 2021. SEEIT's last published NAV was 101.0p per share as at 31 March 2020.

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

Investment Manager

SEEIT's investment manager is Sustainable Development Capital LLP ("SDCL"), an investment firm established in 2007, with a proven track record of investment in energy efficiency and decentralised generation projects in the UK, Continental Europe, North America and Asia.

SDCL is headquartered in London and the group also operates worldwide from offices in New York, Dublin, Hong Kong and Singapore. SDCL is authorised and regulated in the UK by the Financial Conduct Authority.

 

 

 


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