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

Sell:62.10p Buy:63.20p 0 Change: No change
Market closed Prices as at close on 1 March 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:62.10p
Buy:63.20p
Change: No change
Market closed Prices as at close on 1 March 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:62.10p
Buy:63.20p
Change: No change
Market closed Prices as at close on 1 March 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

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.
Security Weight
Uk Battery Storage Limited 22.82%
Melksham East Storage Limited And Melksham West St 8.51%
Grendon Storage Limited 6.00%
Glassenbury Battery Storage Limited 5.52%
Hc Ess7 Limited 5.40%
Hc Ess4 Limited 5.35%
Hc Ess6 Limited 5.21%
Enderby Storage Limited 5.11%
West Didsbury Storage Limited 4.29%
Penwortham Storage Limited 4.17%

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Fee Structure

An annual fee to be calculated as percentages of the NAV of the company 1% on the first GBP 250m of NAV, 0.9% on NAV in excess of GBP 250m and up to and including GBP 500m and 0.8% on NAV in excess of GBP 500m, exclusive of VAT.

Dividend Policy

The Board expects that dividends will constitute the principal element of the return to the holders of Ordinary Shares.The Company will target dividend payments of 7.0p per Ordinary Share in 2022 and in financial periods thereafter.It is intended that dividends on the shares will be payable quarterly for the quarters ending in March, June, September, and December

ASSET SPLIT

Total number of holdings: 28.

Trust Manager

Ben Guest

Manager Bio

Not currently available for this investment trust.

Board Of Directors

John LeggateChairman, David Stevenson, Duncan Neale, Catherine Pitt, Isabel Liu

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'.