Board/Management Information • Jul 19, 2022
Board/Management Information
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RNS Number : 9428S
Ecofin US Renewables Infrastr.Trust
19 July 2022
This Announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.
19 July 2022
ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC
Investment Management Update
The Board of Ecofin U.S. Renewables Infrastructure Trust PLC (the "Company" or "RNEW") was informed yesterday by its AIFM and investment manager, Ecofin Advisors, LLC ("Ecofin"), that portfolio managers Jerry Polacek, Matthew Ordway and Prashanth Prakash have decided to pursue a new venture and have resigned from their roles at Ecofin.
Ecofin has confirmed to the Board that RNEW's asset management team and the ongoing management of the existing portfolio are unaffected by this change. Ed Russell, Senior Managing Director of Ecofin, will continue to be responsible for overall leadership of the Ecofin team and the portfolio will continue to be managed operationally by Ecofin's dedicated asset management team led by Jason Benson, Director - Clean Energy & Infrastructure. Ecofin's experienced private sustainable infrastructure team of 17 investment professionals led by David Sifford, Managing Director - Head of Private Sustainable Infrastructure, will continue to support the Company's renewable energy assets. The broader Ecofin team and senior leadership will work with the departing individuals to ensure a smooth transition over the coming weeks and the Company will provide further updates, including in respect of lead portfolio manager arrangements, as soon as practicable.
For further information, please contact:
| Ecofin Advisors, LLC (Investment Manager) Michael Hart Brad Adams Brent Newcomb |
+44 20 7451 3023 |
| Peel Hunt LLP (Joint Corporate Broker) Liz Yong Luke Simpson Huw Jeremy |
+44 20 7418 8900 |
| Stifel (Joint Corporate Broker) Mark Bloomfield Alex Miller |
+44 20 7710 7600 |
| Sanne Fund Services (UK) Limited (Company Secretary) Martin Darragh Maria Matheou |
+44 20 3327 9720 |
| FTI Consulting (Financial PR) Matthew O'Keeffe Mitch Barltrop Vee Montebello |
+44 7976 075 797 |
Further information on the Company can be found on its website at https://uk.ecofininvest.com/funds/us-renewables-infrastructure-trust-plc/.
The Company's LEI is 2138004JUQUL9VKQWD21.
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