US Solar Fund PLC Q2 2022 Dividend Timetable (8523A)

TIDMUSF TIDMUSFP

RNS Number : 8523A

US Solar Fund PLC

27 September 2022

US SOLAR FUND PLC

(USF, the "Company")

Q2 2022 Dividend Timetable

Further to the US Solar Fund Plc (LON:USF (USD) / USFP (GBP)) Interim Results and Dividend announcement made on 26 September 2022, the Company confirms that the Interim Dividend for the quarter ended 30 June 2022, of 1.27 cents per Ordinary Share, will be paid in line with the timetable below:

 
 Ex-Dividend     6 October 2022 
  Date: 
 Record Date:    7 October 2022 
 Payment Date:   21 October 2022

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 1.27 cents per Ordinary Share, 0.97 cents is declared as dividend income with 0.30 cents treated as qualifying interest income.

LEI: 2138007BIUWE7AHS5Y90

For further information, please contact:

 
US Solar Fund 
 Whitney V oûte              +1 718 230 4329 
Cenkos Securities plc 
 James King 
 Tunga Chigovanyika 
 Will Talkington                  +44 20 7397 8900 
Jefferies International Limited 
 Stuart Klein 
 Gaudi le Roux 
 Neil Winward                     +44 20 7029 8000 
KL Communications                 +44 20 3995 6673 
Charles Gorman 
 Will Sanderson

About US Solar Fund plc

US Solar Fund plc, established in 2019, listed on the premium segment of the London Stock Exchange in April 2019 and has a current market capitalisation of approximately $321m. The Company's investment objective is to provide investors with attractive and sustainable dividends with an element of capital growth by owning and operating solar power assets in North America and other OECD countries in the America.

The solar power assets that the Company acquires or constructs are expected to have an asset life of at least 30 years and generate stable and uncorrelated cashflows by selling electricity to creditworthy offtakers under long-term power purchase agreements (or PPAs). The Company's portfolio currently consists of 42 operational solar projects with a total capacity of 543MW(DC) , all located in the United States.

Further information on the Company can be found on its website at http://www.ussolarfund.co.uk .

About the Investment Manager

USF is managed by New Energy Solar Manager Pty Limited (NESM), which also manages Australian Securities Exchange (ASX)-listed New Energy Solar ( www.newenergysolar.com.au ). Combined, US Solar Fund and New Energy Solar have invested approximately US$1.3 billion in 57 projects totaling 1.2GW(DC) .

NESM is owned by E&P Funds, the funds management division of E&P Financial Group, an ASX listed company (ASX: EP1) with over A$20 billion of funds under advice.

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END

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September 27, 2022 06:02 ET (10:02 GMT)

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