Gresham House Energy Storage Fund Declaration of Dividend (7570T)
17 Noviembre 2023 - 1:00AM
UK Regulatory
TIDMGRID
RNS Number : 7570T
Gresham House Energy Storage Fund
17 November 2023
17 November 2023
GRESHAM HOUSE ENERGY STORAGE FUND PLC
("GRID" or the "Company")
Declaration of Dividend
Gresham House Energy Storage Fund PLC (LSE: GRID) is pleased to
announce a dividend of 1.8375p per Ordinary Share for the period
from 1 July 2023 to 30 September 2023. The dividend will be paid on
21 December 2023 to Shareholders on the register as at the close of
business on 7 December 2023. The ex-dividend date is 6 December
2023.
Any such dividend payment to Shareholders may take the form of
either dividend income or "qualifying interest income" which may be
designated as an interest distribution for UK tax purposes and
therefore subject to the interest streaming regime applicable to
investment trusts. Of this dividend declared of 1.8375 pence per
Ordinary Share, 0.3375 pence is declared as dividend income with
1.5 pence treated as qualifying interest income.
For further information, please contact:
Gresham House New Energy
Ben Guest +44 (0) 20 3837 6270
Jefferies International Limited
Stuart Klein +44 (0) 20 7029 8000
Gaudi Le Roux +44 (0) 20 7029 8000
KL Communications gh@kl-communications.com
Charles Gorman +44 (0) 20 3995 6699
Will Sanderson
Millie Steyn
JTC (UK) Limited as Company GHEnergyStorageCoSec@jtcgroup.com
Secretary +44 207 409 0181
Christopher Gibbons
About the Company and the Manager:
Gresham House Energy Storage Fund plc seeks to provide investors
with an attractive and sustainable dividend over the long term by
investing in a diversified portfolio of utility-scale battery
energy storage systems (known as BESS) located in Great Britain and
in Overseas Jurisdictions. 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 Company's investment policy.
The Company targets an unlevered Net Asset Value total return of
8% per annum and a levered Net Asset Value total return of 15% per
annum, in each case calculated net of the Company's costs and
expenses.
Gresham House Asset Management is the FCA authorised operating
business of Gresham House plc, a London Stock Exchange quoted
specialist alternative asset manager. Gresham House is committed to
operating responsibly and sustainably, taking the long view in
delivering sustainable investment solutions.
http://www.greshamhouse.com/
Definition of utility-scale battery energy storage systems
(BESS)
Utility-scale battery energy storage systems (BESS) are the
enabling infrastructure that will support the continued growth of
renewable energy sources such as wind and solar, essential to the
UK's stated target to reduce carbon emissions. They store excess
energy generated by renewable energy sources and then release that
stored energy back into the grid during peak hours when there is
increased demand.
LEI number: 213800MSJXKH25C23D82
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END
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