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Ecofin US Renewables Infrastructure Trust (RNEP) ORD USD0.01 (GBP)

Sell:39.00p Buy:43.00p 0 Change: No change
Market closed Prices as at close on 28 May 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:39.00p
Buy:43.00p
Change: No change
Market closed Prices as at close on 28 May 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:39.00p
Buy:43.00p
Change: No change
Market closed Prices as at close on 28 May 2024 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

To provide Shareholders with an attractive level of current distributions by investing in a diversified portfolio of mixed renewable energy and sustainable infrastructure assets predominantly located in the United States with prospects for modest capital appreciation over the long term. The Company intends to execute its investment objective by investing in a diversified portfolio of Renewable Assets predominantly in the United States, but it may also invest in other OECD countries.
Security Weight
Investments At Fair Value Through Profit Or Loss 97.51%

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Fee Structure

Under the terms of the Investment Management Agreement, Ecofin will be entitled to a fee as set out below 1%. p.a. of NAV up to and equal to US500 million 0.9%. p.a. of NAV between US500m and US1 billion and 0.8%.p.a. of NAV in excess of US1billion.

Dividend Policy

Dividends form a key component of the total return to Shareholders and the Company exceeded its dividend target of 2 - 3% (based on the IPO issue price of 100 cents per Share) in respect of the Period. The Company declared four interim dividends in respect of the Period (aggregate total of 3.2 cents per Share), representing a 3.2% return on investment (based on the IPO issue price of 100 cents per Share). In its IPO Prospectus, the Company set out a 5.25% - 5.75% annual dividend target range for 2022 and beyond. The Board's Dividend Payment Policy is to pay dividends on a quarterly basis in May, August, November and February in respect of each accounting year.

ASSET SPLIT

Total number of holdings: 3.

Trust Manager

Not currently available for this investment trust.

Manager Bio

Not currently available for this investment trust.

Board Of Directors

Patrick ODonnell BourkeChairman, David Fletcher, Tammy Richards, Louisa Vincent

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.