Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Ingenious seeks £160m for Clean Energy Income trust

Ingenious seeks £160m for Clean Energy Income trust

Ingenious Capital Management is seeking to raise £160 million for a Clean Energy Income trust.

The closed–ended fund provides investors with exposure to a portfolio of renewable energy generation assets and energy efficiency projects. The fund aims to provide investors with long-term dividends in line with RPI and will be managed by Ingenious's renewable infrastructure specialist investment team. The dividend is expected to be around 6p.

The fund will invest in operational solar PV (photovoltaic) assets; operational onshore wind assets; and energy efficiency projects.

In an announcement to the stock exchange concerning its intention to IPO the Clean Energy Income fund, Ingenious said aside from seeking to raise £160 million through an offer for subscription of ordinary shares, there was also an option to increase the size of the issue up to £200 million.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Play Henderson's Hermon: how to be defensive in smaller caps

Henderson's Hermon: how to be defensive in smaller caps

Hermon, who manages the Henderson Smaller Companies trust, talks about he will tackle a 'challenging' 2016.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter