Ecofin Group is looking to raise $250m for an investment trust investing in US renewables infrastructure assets.
Ecofin US Renewables Infrastructure Trust (RNEW) will target a net total return of between 7% and 7.5% per annum. It will initially provide an annual dividend yield of between 2% and 3% for its first full-year, rising thereafter to between 5.25% and 5.75%. The company will pay a quarterly dividend, with its first interim expected to be declared in July 2021 and paid in August. It will invest in a diversified portfolio of mixed US renewable energy assets benefiting from supportive government incentives and the availability of fixed longer-term revenue contracts. Downing to launch...
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