To provide investors with an attractive and sustainable level of income, with an element of capital growth, by investing in a diversified portfolio of renewable energy and infrastructure assets in the UK, Ireland and Northern Europe. By investing in projects in varied geographies, with different technologies, asset lives and yield profiles, it aims to achieve a diversified set of long term, resilient and predictable revenues.
The Investment Manager receives from the Company a management fee of 0.95% p.a of NAV up to GBP 500m and 0.85% p.a of NAV in excess ofGBP 500m, payable quarterly in arrears. No performance fee.
The Company pays dividends on a quarterly basis with dividends typically declared in respect of the quarterly periods ending March, June, September and December and paid in June, September, December and March respectively. Dividends on ordinary shares shall be declared and paid in Sterling. The Company may, where the Directors consider it appropriate, use the special distributable reserve created by the cancellation of its share premium account to pay dividends. The Company currently targets quarterly dividends totalling 5.38 pence per share in respect of the 12 months ending 31 December 2023.