ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC

Fund Information / Factsheet • Jan 21, 2025

National Storage Mechanism | Additional information

RNS Number : 1039U

Ecofin US Renewables Infrastr.Trust

21 January 2025

21 January 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, TO US PERSONS OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO WOULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER TO SELL OR ISSUE, OR ANY SOLICITATION OF ANY OFFER TO PURCHASE, SUBSCRIBE FOR OR OTHERWISE ACQUIRE, ANY INVESTMENTS IN ANY JURISDICTION.

ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC (the "Company")

New Management Fee  

The Company's Board of Directors is pleased to announce a successful re-negotiation of the management fee the Company pays to Ecofin Advisers, LLC ("Ecofin") under the Investment Management Agreement dated 11 November 2020.  The changes are aimed at better aligning the interests of Ecofin with shareholders' interests. 

Under the terms of the investment management agreement Ecofin is entitled to 1 per cent. per annum of the Net Asset Value ("NAV") up to and equal to US$500 million, payable quarterly in arrears.  In respect of any quarter beginning 1 January 2025 onwards, the fee will be determined by the lower of the Company's market capitalisation or NAV.

In addition, management fees for Q3 2024 will be based on the NAV as adjusted downwards so as to take into account the price realised for the sale of the DG Solar assets as per the RNS dated 13 December 2024.

For further information, please contact:

Ecofin U.S. Renewables Infrastructure Trust plc (via the Company Secretary) Brett Miller
Ecofin Advisors, LLC (Investment Manager) Edward Russell	+1 913 981 1020
Stifel (Corporate Broker) Edward Gibson-Watt Madison Kominski	+44 20 7710 7600
Apex Listed Companies Services (UK) Limited (Company Secretary)              Jenny Thompson Edmar Mabal	+44 20 4582 6470

Further information on the Company can be found on its website at https://rnewfund.com/

The Company's LEI is 2138004JUQUL9VKQWD21.

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