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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ecofin U.s. Renewables Infrastructure Trust Plc | LSE:RNEW | London | Ordinary Share | GB00BLPK4430 | ORD USD0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.54 | 0.52 | 0.56 | 0.54 | 0.54 | 0.54 | 268,860 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 3.51M | 1.18M | 0.0086 | 62.79 | 74.56M |
TIDMRNEW
RNS Number : 8636Y
Ecofin US Renewables Infrastr.Trust
10 May 2023
10 May 2023
ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC
(the "Company")
Quarterly Net Asset Value
The Company announces that its unaudited net asset value as at 31 March 2023 on a cum-income basis was $0.9394 per Ordinary Share (31 December 2022: $0.9428) or $ 129.7 million (31 December 2022: $130.2 million). The contributors to the changes in net asset value are:
-- a $1.0 million increase ($0.0069 per Ordinary Share) to Fair Market Value ("FMV") of investments, principally due to updates to merchant curve power prices;
-- a $0.7 million decrease ($0.0048 per Ordinary Share) due to an increase in the deferred tax accrual, largely driven by the increase to FMV of investments; and
-- a $0.8 million decrease ($0.0055 per Ordinary Share) in cash and accrued financial assets, primarily driven by lower than expected energy production and revenue accrual relating to temporarily low availability and corrective maintenance actions at various sites, implications of winter storm Elliot, fund expenses, and interest expense from the Company's drawn balance on the Revolving Credit Facility.
Pre-tax discount rates which were provided by the Company's valuation service provider and used to determine FMV of investments remained flat this quarter at 7.5% unlevered.
For further information, please contact:
Ecofin Advisors, LLC (Investment Manager) Edward Russell Eileen Fargis Jason Benson Michael Hart +1 913 981 1020 Peel Hunt LLP (Joint Corporate Broker) Liz Yong Luke Simpson Huw Jeremy +44 20 7418 8900 Stifel (Joint Corporate Broker) Edward Gibson-Watt Rajpal Padam Madison Kominski +44 20 7710 7600 Apex Listed Companies Services (UK) Limited (Company Secretary) Martin Darragh Maria Matheou +44 20 3327 9720 FTI Consulting (Financial PR) Matthew O'Keeffe Mitch Barltrop Vee Montebello +44 7976 075797
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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END
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(END) Dow Jones Newswires
May 10, 2023 02:00 ET (06:00 GMT)
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