28th Jul 2022 07:00
28 July 2022
ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC
(the "Company")
Net Asset Value
The Company announces that the unaudited net asset value as at 30 June 2022 on a cum-income basis was $134.3 million (31 March 2022: $122.1 million) or $0.9732 per ordinary share (31 March 2022: $0. 9764). The contributors to the $12.2m increase in net asset value are:
· a $12.9 million increase from the net proceeds of the equity fundraise in May 2022;
· a $1.0 million decrease in cash and net working capital principally relating to budgeted seasonal fluctuations in operations at SED Solar Portfolio and Whirlwind;
· a $3.5 million decrease in discounted cash flow valuation of investments due to a small increase in discount rates primarily related to rises in inflation and interest rates; and
· a $3.8 million increase in discounted cash flow valuation of investments due to increases in merchant power price curves.
For further information, please contact:
Ecofin Advisors, LLC (Investment Manager) Edward Russell Jason Benson
| +1 913 981 1020 |
Peel Hunt LLP (Joint Corporate Broker) Liz Yong Luke Simpson Huw Jeremy
| +44 20 7418 8900
|
Stifel (Joint Corporate Broker) Mark Bloomfield Alex Miller | +44 20 7710 7600 |
Sanne Fund 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.
Related Shares:
Ecofin U.s. $