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US Solar Fund PLC   -  USF   

Q4 2019 Interim Dividend

Released 07:00 04-Mar-2020

RNS Number : 9176E
US Solar Fund PLC
04 March 2020
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, TO US PERSONS OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO WOULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER TO SELL OR ISSUE, OR ANY SOLICITATION OF ANY OFFER TO PURCHASE, SUBSCRIBE FOR OR OTHERWISE ACQUIRE, ANY INVESTMENTS IN ANY JURISDICTION.

 

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.


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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Q4 2019 Interim Dividend - RNS