REG - Ecofin US Renewables - New Management Fee

Ecofin US Renewables Infrastructure TrustAnnouncement

21/01/2025 08:00

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RNS Number : 1039U  Ecofin US Renewables Infrastr.Trust  21 January 2025

21 January 2025

 

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ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC (the "Company")

 

New Management Fee

 

The Company's Board of Directors is pleased to announce a successful
re-negotiation of the management fee the Company pays to Ecofin Advisers, LLC
("Ecofin") under the Investment Management Agreement dated 11 November 2020.
The changes are aimed at better aligning the interests of Ecofin with
shareholders' interests.

Under the terms of the investment management agreement Ecofin is entitled to 1
per cent. per annum of the Net Asset Value ("NAV") up to and equal to US$500
million, payable quarterly in arrears.  In respect of any quarter beginning 1
January 2025 onwards, the fee will be determined by the lower of the Company's
market capitalisation or NAV.

In addition, management fees for Q3 2024 will be based on the NAV as adjusted
downwards so as to take into account the price realised for the sale of the DG
Solar assets as per the RNS dated 13 December 2024.

 

For further information, please contact:

 

 Ecofin U.S. Renewables Infrastructure Trust plc (via the Company Secretary)

 Brett Miller

 Ecofin Advisors, LLC (Investment Manager)                                    +1 913 981 1020

 Edward Russell

 Stifel (Corporate Broker)                                                    +44 20 7710 7600

 Edward Gibson-Watt

 Madison Kominski
 Apex Listed Companies Services (UK) Limited (Company                         +44 20 4582 6470
 Secretary)

 Jenny Thompson

 Edmar Mabal

Further information on the Company can be found on its website at
https://rnewfund.com/ (https://rnewfund.com/)

 

The Company's LEI is 2138004JUQUL9VKQWD21.

 

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