Source - RNS
RNS Number : 8819L
Ecofin Global Utilities Inf Tst PLC
06 October 2016

6 October 2016


Ecofin Global Utilities and Infrastructure Trust plc


Quarterly Dividend



In the prospectus published by Ecofin Global Utilities and Infrastructure Trust plc (the "Company") on 6 July 2016 (the "Prospectus"), the Board stated that the Company would target an initial dividend yield of at least 4 per cent. on net assets.


In line with the dividend policy, the Board has resolved to target quarterly dividend payments of 1.6 pence per share for the period to 30 September 2017, which is equivalent to an annualised yield of 4.55 per cent. on an NAV of 140.63 pence per share as at 23 September 2016, the Company's opening NAV. The Board will review the quarterly dividend payments for the year commencing 1 October 2017 with a view to having a progressive dividend policy.


In accordance with the Board's intention set out in the Prospectus, the Company has applied to court to cancel the entirety of its share premium account with the resultant reserve being available to support dividends, where the Board considers it appropriate. The court date has been set for mid-November 2016 and as such the Company expects to declare its maiden dividend in mid-November with the dividend being paid in early December. Following the payment of the maiden dividend, dividends will be payable on the last business day of February, May, August and November. A dividend payment schedule is set out below:


Three month period to:

Dividend per share

Payment date

30 September 2016

1.6 pence

Early December 2016

31 December 2016

1.6 pence

28 February 2017

31 March 2017

1.6 pence

31 May 2017

30 June 2017

1.6 pence

31 August 2017

30 September 2017

1.6 pence

30 November 2017



For further information, please contact:



BNP Paribas Secretarial Services Limited

Susan Gledhill, Company Secretary


020 7410 5971

Winterflood Investment Trusts

Joe Winkley

Neil Langford

020 3100 0000



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