Bluefield Solar Income Fund Limited First Interim Dividend (6395M)

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RNS Number : 6395M

Bluefield Solar Income Fund Limited

22 January 2021

22 January 2021

Bluefield Solar Income Fund Limited

('Bluefield Solar' or the 'Company')

First Interim Dividend Announcement

Bluefield Solar (LON: BSIF), a UK-focused income fund that invests primarily in solar assets, is pleased to announce the Company's first interim dividend for the financial year which ends on 30 June 2021 (the 'First Interim Dividend'). Unless otherwise noted herein, the information provided in this announcement and any asset valuations underlying such information is unaudited.

The First Interim Dividend of 2.00 pence per Ordinary Share (2020: 1.95 pence) will be payable to Shareholders on the register as at 5 February 2021 with an associated ex-dividend date of 4 February 2021 and a payment date on or around 1 March 2021.

Following shareholder approval in July 2020, the Company has delinked its dividend target from the Retail Price Index and has adopted a progressive dividend policy. The Board is confident that it will meet its target dividend of 8.00 pence per Ordinary Share (2020: 7.90 pence) for the financial year ending 30 June 2021, as published in the Company's latest annual report for the financial year ending 30 June 2020.

- Ends -

For further information:

 
 Bluefield Partners LLP (Company Investment    Tel: [phone] 
  Adviser)                                                     0020 
  James Armstrong / Neil Wood / Giovanni       www.bluefieldllp.com 
  Terranova 
 
 Numis Securities Limited (Company Broker)     Tel: [phone] 
  Tod Davis / David Benda                                      1000 
                                                      www.numis.com 
 
 Ocorian Administration (Guernsey) Limited    Tel: [phone] 
  (Company Secretary & Administrator)                           742 
  Kevin Smith                                       www.ocorian.com 
 
 Media enquiries: 
  Buchanan (PR Adviser)                        Tel: [phone] 
  Henry Harrison-Topham / Henry Wilson                         5000 
  / Charlotte Slater                            www.buchanan.uk.com 
                                               [e-mail] 
 
 

Notes to Editors

About Bluefield Solar

Bluefield Solar is a UK income fund focused, primarily, on acquiring and managing UK-based solar projects to generate renewable energy for periods of typically 25 years or longer. Not less than 75% of the Company's gross assets will be invested into UK solar assets. The Company can also invest up to 25% of its gross assets into onshore wind, hydro and storage technologies. Its primary objective is to deliver to its shareholders stable, long term sterling income via quarterly dividends. The majority of the Group's revenue streams are regulated and non-correlated to the UK energy market. Bluefield Solar owns and operates one of the UK's largest, diversified portfolios of solar assets with a combined installed power capacity in excess of 612 MWp.

Further information can be viewed at www.bluefieldsif.com

About Bluefield Partners LLP ('Bluefield')

Bluefield Partners was established in 2009 and is an investment adviser to companies and funds investing in renewable energy infrastructure. It has a proven record in the selection, acquisition and supervision of large-scale energy assets in the UK and Europe. The team has been involved in over GBP2.0 billion renewable funds and/or transactions in both the UK and Europe since 2008, including GBP1.3 billion in the UK since December 2011.

Bluefield Partners has led the acquisitions of, and currently advises on, over 100 UK based solar PV assets that are agriculturally, commercially or industrially situated. Based in its London office, it is supported by a dedicated and highly experienced team of investment, legal and portfolio executives. Bluefield Partners was appointed Investment Adviser to Bluefield Solar in June 2013.

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January 22, 2021 07:31 ET (12:31 GMT)