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Data as at: 18/04/2024
In
Objective
To provide investors with an attractive and sustainable level of income with an element of capital growth, by investing in a diversified portfolio of renewable energy and infrastructure assets in the UK, Ireland and Northern Europe.
AIC sector
Management group
Downing
Company website
Launch date
10/12/2020
December
Domicile
United Kingdom
Fund manager
Tom Moore, Tom Williams
Dividend frequency
Quarterly
Wind-up provisions
The company has been established with an unlimited life. In accordance with the Articles, the Directors are required to propose an ordinary resolution at a general meeting to be held in December 2025 that the Company continues its business as presently constituted. In addition, the Articles provide that the Directors propose an ordinary resolution that the Company continue its business as presently constituted at the annual general meeting to be held in 2031 and at each fifth annual general meeting thereafter. If the Initial Continuation Resolution or any Continuation Resolution is not passed, the Directors will put forward proposals for the reconstruction or reorganisation of the Company to Shareholders for their approval as soon as reasonably practicable following the date on which the Initial Continuation Resolution or any Continuation Resolution (as the case may be) is not passed. These proposals may or may not involve winding up the Company and, accordingly, failure to pass the Initial Continuation Resolution or any Continuation Resolution will not necessarily result in the winding up of the Company.
| Market Cap (m) | Total assets (m) | Price (last close) | NAV | Discount / premium (%) | Gearing (%) | Dividend yield (%) | Dividend dates | Ongoing charge (%) |
|---|---|---|---|---|---|---|---|---|
| 134.31 | 311.94 | 75.70 | 118.07 | -35.88 | 46 | 7.66 | Mar, Jun, Sep, Dec | 1.6 (31/12/2023) |
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Dividends
Dividends declared in last 12 months
| Ex-Dividend date | Payment date | Dividend amount | Special dividend | Financial year |
|---|---|---|---|---|
| 29/02/2024 | 28/03/2024 | 1.345 | No | 2023 |
| 30/11/2023 | 29/12/2023 | 1.345 | No | 2023 |
| 31/08/2023 | 29/09/2023 | 1.345 | No | 2023 |
| 01/06/2023 | 30/06/2023 | 1.345 | No | 2023 |
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Performance (%)
| Return type | 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|---|
| Downing Renewables & Infrastructure | Share price total return | -24.6 | -9.9 | N/A | N/A |
| Renewable Energy Infrastructure AIC sector | Share price total return | -22.4 | -7.0 | 4.7 | 81.7 |
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Share structure
Number of shares
177,427,225
7,195,262
Traded volumes (number of shares)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | 195,943 | 7,352,189 | 48,330,713 | 0 |
| Average | N/A | 346,278 | 191,565 | 0 |
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Traded values (m)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | 0.15 | 5.68 | 42.92 | 0 |
| Average | N/A | 0.27 | 0.17 | 0 |
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Trading details
Top holdings
Data as at : 30/06/2022
| Investment | % of total assets |
|---|---|
| Fair Value At Start Of The Period | 60.9 |
| Cash And Cash Equivalents | 17.0 |
| Loan Advanced To Dore Hold Co Limited In The Period | 10.2 |
| Unrealised Gain On Investments At Fvtpl | 9.9 |
| Loan Interest | 1.6 |
| Trade And Other Receivables | 0.4 |
Data provided by Morningstar.
Company documents provided by FE fundinfo.
