REG - Octopus Renewables - Dividend Declaration

Octopus Renewables Infrastructure TrustAnnouncement

06/11/2023 07:00

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RNS Number : 3996S  Octopus Renewables Infra Trust PLC  06 November 2023

6 November 2023

 

LEI: 213800B81BFJKWM2JV13

 

Octopus Renewables Infrastructure Trust plc

("ORIT" or the "Company")

 

Dividend Declaration

 

The Board of Octopus Renewables Infrastructure Trust plc is pleased to declare
an interim dividend in respect of the period from 1 July 2023 to 30 September
2023 of 1.45 pence per ordinary share, payable on 1 December 2023 to
shareholders on the register at 17 November 2023 (the "Q3 2023 Dividend"). The
ex-dividend date will be 16 November 2023.

 

A portion of the Company's dividend is designated as an interest distribution
for UK tax purposes. The interest streaming percentage for the Q3 2023
Dividend is 56.8%.

 

The Q3 2023 Dividend is in line with the Company's dividend target for the
financial year from 1 January 2023 to 31 December 2023 ("FY 2023") of 5.79
pence per ordinary share*. The Company has a progressive dividend policy and
the target dividend for FY 2023 represents an increase over FY 2022 of 10.5%
in line with December 2022 CPI.

 

For further information please contact:

 

 Octopus Energy Generation (Investment Manager)                                  Via Buchanan

 Chris Gaydon, David Bird

 Peel Hunt (Broker)                                                              020 7418 8900

 Liz Yong, Luke Simpson, Huw Jeremy (Investment Banking)

 Alex Howe, Chris Bunstead, Ed Welsby, Richard Harris, Michael Bateman (Sales)

 Buchanan (Financial PR)                                                           020 7466 5000

 Charles Ryland, George Beale

 Apex Listed Companies Services (UK) Limited (Company Secretary)                  020 3327 9720

 

*The dividend target stated in this announcement is a target only and not a
profit forecast. There can be no assurance that this target will be met, or
that the Company will make any distributions at all and it should not be taken
as an indication of the Company's expected future results. The Company's
actual returns will depend upon a number of factors, including but not limited
to the Company's net income and level of ongoing charges. Accordingly,
potential investors should not place any reliance on this target and should
decide for themselves whether or not the target dividend is reasonable or
achievable. Investors should note that references in this announcement to
"dividends" and "distributions" are intended to cover both dividend income and
income which is designated as an interest distribution for UK tax purposes and
therefore subject to the interest streaming regime applicable to investment
trusts.

 

Notes to editors

 

About Octopus Renewables Infrastructure Trust

 

Octopus Renewables Infrastructure Trust ("ORIT") is a premium-listed,
closed-ended investment company incorporated in England and Wales focused on
providing investors with an attractive and sustainable level of income
returns, with an element of capital growth, by investing in a diversified
portfolio of renewable energy assets in Europe and Australia. As an impact
fund, ORIT is helping accelerate the transition to net zero by investing in
green energy, whilst also contributing to a broader set of UN Sustainable
Development Goals through its impact initiatives. ORIT's investment manager is
Octopus Energy Generation.

Further details can be found at www.octopusrenewablesinfrastructure.com
(http://www.octopusrenewablesinfrastructure.com/)

 

 

About Octopus Energy Generation

 

Octopus Energy Generation is driving the renewable energy agenda by building
green power for the future. Its London-based, leading specialist renewable
energy fund management team invests in renewable energy assets and broader
projects helping the energy transition, across operational, construction and
development stages. The team was set up in 2010 based on the belief that
investors can play a vital role in accelerating the shift to a future powered
by renewable energy. It has a 13-year track record with approximately £6.0
billion of assets under management (AUM) (as of June 2023) across 13 countries
and total 3.3GW. These renewable projects generate enough green energy to
power 2.4 million homes every year, the equivalent of taking over 1.2 million
petrol cars off the road. Octopus Energy Generation is the trading name of
Octopus Renewables Limited.

 

Further details can be found at www.octopusenergygeneration.com
(http://www.octopusenergygeneration.com/)

 

 

 

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