Bluefield Solar Income Fund

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Estimated NAV

111.00

Share Price

118.00

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 116.5 5.3% 111.00 111.00
31 Dec
100% 6.38%

Top 10 Holdings

West Raynham 13.75%
Southwick 13.17%
Elms 0.000 7.95%
Pentylands 5.28%
Molehill 4.95%
Hoback 4.81%
Littlebourne 4.68%
Goosewillow Solar Ltd 4.65%
Hall Farm Ltd 4.18%
Hardingham Solar Ltd 4.10%

Sectors weighting

Infrastructure 63.90%
Net Current Assets 36.10%
  • Investment trust info:

  • Sector -
  • Launch Date 12 Jul 2013
  • Currency GBX
  • Domicile Guernsey
  • Share Price 118.00
  • Share Type Ordinary Share
  • TIDM BSIF
  • ISIN GG00BB0RDB98
  • Shares Issued (M) 370
  • Market Capital (£M) 430.92
  • Gross Assets (£M) 409.43
  • Net Assets (£M) 409.09
  • TER (%) 1.24
  • Historic Dividend Yield (%) 6.38
  • Last AGM 29 Nov 2017
  • Next AGM 29 Nov 2018
  • Last Annual Report Date 26 Sep 2017
  • Next due Report Date 31 Dec 2017
  • Next due Report Type I/R
  • Objective:

    To provide shareholders with attractive return through regular income distributions by investing in a diversified portfolio of UK solar energy assets.

  • Management Group(s):

  • Bluefield Partners LLP
  • Managed by:

  • Giovanni Terranova Start: 12 Jul 2013
  • James Armstrong Start: 12 Jul 2013
  • Mike Rand Start: 12 Jul 2013
  • Management Contract & Fees:

    The Investment Adviser will be entitled to an annual base fee which shall accrue daily and will be calculated on a sliding scale as follows: 1) 1.00% of NAV up to and including £ 100m; 2) 0.80% of NAV above £ 100m and up to and including £ 200m; and 3) 0.60% of NAV above £ 200m. The base fee will be payable quarterly in arrears in cash, and will be calculated on the NAV reported in the most recent quarterly NAV calculation as at the date of payment. The base fee shall be subject to claw back as Variable Fee. If in any year, the Company fails to achieve its distribution target of 7p per Ords per year, the Investment Adviser will repay its base fee in the proportion by which the actual annual distribution per Ords is less than the target distribution, subject to a maximum repayment in any year equal to 35% of the base fee calculated prior to any deduction being made. The repayment will be split equally across the four quarters in the following financial year and will be set off against the quarterly management fee payable to the Investment Adviser in that following financial year. If in any year, the Company exceeds its distribution target of 7p per Ords per year, the Investment Adviser will be entitled to a variable fee equal to 30% of the excess, subject to a maximum variable fee in any year equal to 1.00% of the NAV as at the end of the relevant financial year.