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Interim Results

Bluefield Solar Income NAV up

23 February 2017 09:03

Bluefield Solar Income Fund reports underlying earnings of £11.7m in the six months to the end of December.

It said this enabled a fully covered first interim dividend of 3.25 pps to be paid in November in addition to fully covering debt service including both interest and principal repayment.

NAV has increased to 105.07 pps (30 June 2016: 99.39 pps).

The company said: "The equity cash flows upon which the NAV is calculated imply a return on equity over the 25 year life of the cash flows of 8.3%, with zero terminal value.

"This attractive return has been enhanced by the company's success in securing long term, fully amortising debt at a blended cost of 2.1%, based on RPI as at 31st December 2016."

At 9:03am: (LON:BSIF) Bluefield Solar Income Fund Ltd share price was +1p at 108.5p

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