Gresham House Energy Storage Fund Plc (GRID) Ord GBP0.01

Gresham House Energy Storage Fund plc is a United Kingdom-based investment trust company. Through its subsidiaries, the Company's principal activity is to invest in special purpose vehicles (SPVs), which operate a diversified portfolio of operating utility-scale battery energy storage systems (BESS), which utilize batteries and may also utilize generators. The BESS projects comprising the investment portfolio are located in diverse locations across Great Britain. The Company seeks to provide shareholders with a sustainable dividend over the long term, alongside the prospect of capital growth. The Company’s projects portfolio includes Staunch, Rufford, Littlebrook, Lockleaze, Glassenbury, Roundponds, Wolves, Cleator, Red Scar, Bloxwich, Thurcroft, Wickham, Glassenbury Extension, Arbroath, Tynemouth, among others. The Company is managed by Gresham House Asset Management Limited.

The company seeks to provide investors with an attractive and sustainable dividend over the long term by investing in a diversified portfolio of utility scale operational energy storage systems, which utilise batteries and may also utilise generators, located in Great Britain, Northern Ireland, and the Republic of Ireland. In addition, the company seeks to provide investors with the prospect of capital growth through the re-investment of net cash generated in excess of the target dividend in accordance with the investment policy of the company and the requirements of the IT Regulations.

• Ongoing charge1.38%
• Annual management charge -
• Performance feeNo

The annual fund management fee will be calculated quarterly based on a weighted average of two factors 1 the average closing daily market capitalization during the quarter, and 2 the NAV at the beginning of the quarter. The fee will be 1% on the first GBP 250 million, 0.9% on the amount in excess of GBP 250 million and up to and including GBP 500 million, and 0.8% on the amount exceeding GBP 500 million.