Ecofin US Renewables Infrastr.Trust Purchase of Management Fee Shares (6539O)

TIDMRNEW

RNS Number : 6539O

Ecofin US Renewables Infrastr.Trust

02 February 2023

2 February 2023

ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC

(the "Company")

Purchase of Management Fee Shares

The Company announces that, in accordance with the terms of the Investment Management Agreement (the "IMA") with Ecofin Advisors, LLC (the "Investment Manager"), on 1 February 2023 the Investment Manager purchased 59,096 Ordinary Shares in the market (the "Management Fee Shares") at an average price of $0.835 per Management Fee Share, representing the management fee due for the three-month period ended 31 December 2022.

Pursuant to the IMA, 15 per cent. of the management fee is payable in the form of Ordinary Shares, subject to a rolling lock-up of 12 months. The details of the IMA were disclosed in the Company's Annual Report for the period ended 31 December 2021.

Combined with previous Management Fee Share purchases and issuances, the Investment Manager and the relevant associates hold a total of 346,887 Management Fee Shares.

For further information, please contact:

 
 Ecofin Advisors, LLC (Investment Manager) 
  Edward Russell 
  Eileen Fargis 
  Jason Benson 
  Michael Hart                                   [phone] 
 Peel Hunt LLP (Joint Corporate Broker) 
  Liz Yong 
  Luke Simpson 
  Huw Jeremy                                    [phone] 
 Stifel (Joint Corporate Broker) 
  Mark Bloomfield 
  Rajpal Padam 
  Madison Kominski                              [phone] 
 Apex Listed Companies Services (UK) Limited 
  (Company Secretary) 
  Martin Darragh 
  Maria Matheou                                 [phone] 
 FTI Consulting (Financial PR) 
  Matthew O'Keeffe 
  Mitch Barltrop 
  Vee Montebello                                 [phone] 
 

Further information on the Company can be found on its website at https://uk.ecofininvest.com/funds/us-renewables-infrastructure-trust-plc/ .

The Company's LEI is 2138004JUQUL9VKQWD21.

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February 02, 2023 02:00 ET (07:00 GMT)