More information about BLUEFIELD SOLAR INCOME FUND LTD. NPV

Bluefield Solar Income Fund is a Guernsey-based, closed ended investment fund. It was incorporated with limited liability in Guernsey under the Companies Law on 29 May 2013 with registered number 56708. The Company will seek to provide shareholders with an attractive return, principally in the form of semi-annual income distributions. The Company will invest in a diversified portfolio of solar energy assets, each located within the UK, with a focus on utility scale assets and portfolios on greenfield, industrial and/or commercial sites. The Group will target long life solar energy infrastructure, expected to generate stable renewable energy output over a 25 year asset life. The Company is targeting an initial dividend in respect of the first financial year ending 30 June 2014, in line with target, dividends of 4 pence per Ordinary Share were announced in the first year. With the the following years rising to 7 pence per Ordinary Share in respect of the second financial year ending 30 June 2015 and with the intention of this increasing annually thereafter in line with RPI. Subject to maintaining a prudential level of reserves, the Company does not expect to reinvest cash flows in order to achieve its target returns, but together with asset performance optimisation, will seek to achieve distributions of up to 9 pence per Ordinary Share. These are targets only and not profit forecasts. There can be no assurance that these targets can or will be met and they should not be seen as an indication of the Company’s expected or actual results or returns. Accordingly investors should not place any reliance on these targets or assume that the Company will make any distributions at all in deciding whether to invest in Ordinary Shares. The Company has a fully independent Board of Directors and is chaired by John Rennocks. It comprises four directors, each of whom is non-executive and independent of the Investment Adviser. The Company has appointed Bluefield Partners LLP (“Bluefield”) to act as the Investment Adviser. The Bluefield team comprises an experienced solar and energy investment team and has been involved in over £7 billion of energy transactions and solar focused funds and/or transactions valued at over £500 million, individually, and both prior to and while with Bluefield.