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Annual Results

Bluefield Solar Income Fund NAV up

04 October 2016 07:44

Bluefield Solar Income Fund's net asset value stood at £308 million at the end of June compared with £288 million a year ago and equivalent to a NAV per share of 99.39 pence (30 June 2015: 103.58 pence).

The company said above target total dividends of 7.25 pence per share were declared for the the year to the end of June 2016 (2015: 7.25 pence per share). This level of dividend has been declared following above target underlying earnings.

Operational highlights:

- § A successful Pplacement of new shares in December 2015 raised gross proceeds of £32 million and the company's market capitalisation grew to £309 million at 30 June 2016 - The company made 17 acquisitions, consisting of 44 additional plants, financed by total commitments of £193.3 million with an estimated combined energy capacity of 148.6 MWp

- As at 30 June 2016, the Company had a total of 73 solar assets with an estimated combined energy capacity in excess of 400 MWp, all of which were operational

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Related Company: BSIF

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