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Data as at: 06/02/2025
In
Objective
To provide ordinary shareholders with attractive riskadjusted returns, principally in the form of regular dividends, through a diversified portfolio of solar energy infrastructure assets with the addition of complementary technologies, such as energy storage.
AIC sector
Management group
Launch date
25/04/2014
March
Domicile
Guernsey
Fund manager
Michael Bonte-Friedheim, Aldo Beolchini, Ross Grier, Giulia Guidi
Dividend frequency
Quarterly
Wind-up provisions
The Company shall have an indefinite life. The Articles include a discount management provision requiring a Discontinuation Resolution to be proposed to Shareholders if, in any financial year of the Company, the Ordinary Shares have traded, on average over that year, at a discount in excess of 10%. to the Net Asset Value per Ordinary Share.Over the course of the 2024 financial year (1 April 2023 to 31 March 2024), the Ordinary Shares traded at an average discount of 18.7%. to the Net Asset Value per Ordinary Share. The Board proposed a special resolution at this year’s AGM dated 12th August 2024 regarding the discontinuation of the company, the resolution did not pass meaning that the majority of the Company's long-term shareholders remain highly supportive of the continuation of the Company.
| Market Cap (m) | Total assets (m) | Price (last close) | NAV | Discount / premium (%) | Gearing (%) | Dividend yield (%) | Dividend dates | Ongoing charge (%) |
|---|---|---|---|---|---|---|---|---|
| 393.65 | 1,107.82 | 68.00 | 98.73 | -31.12 | 94 | 12.40 | Feb, May, Aug, Nov | 1.11 (31/03/2024) |
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Dividends
Dividends declared in last 12 months
| Ex-dividend date | Payment date | Dividend amount | Special dividend | Financial year |
|---|---|---|---|---|
| 13/02/2025 | 31/03/2025 | 2.110 | No | 2025 |
| 14/11/2024 | 30/12/2024 | 2.110 | No | 2025 |
| 15/08/2024 | 30/09/2024 | 2.100 | No | 2025 |
| 23/05/2024 | 28/06/2024 | 2.090 | No | 2024 |
| 15/02/2024 | 28/03/2024 | 2.090 | No | 2024 |
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Performance (%)
| Return type | 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|---|
| NextEnergy Solar Fund | Share price total return | -9.7 | -16.1 | -18.5 | 30.6 |
| Renewable Energy Infrastructure AIC sector | Share price total return | -10.3 | -21.9 | -13.2 | 57.6 |
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Share structure
Number of shares
578,898,784
11,922,401
Traded volumes (number of shares)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | 1,985,111 | 46,520,604 | 467,427,252 | 1,544,957,794 |
| Average | N/A | 2,044,350 | 1,841,440 | 1,225,590 |
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Traded values (m)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | 1.35 | 29.79 | 345.85 | 1,461.55 |
| Average | N/A | 1.31 | 1.36 | 1.16 |
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Trading details
Top holdings
Data as at : 31/03/2024
| Investment | % of total assets |
|---|---|
| Investment | 129.7 |
| Cash And Cash Equivalents | 1.4 |
| Trade And Other Receivables | 1.4 |
| Trade And Other Payables | -0.4 |
| Preference Shares | -32.1 |
Data provided by Morningstar.
Company documents provided by FE fundinfo.
