Greencoat UK Wind invests in operating UK wind farms to provide
shareholders with a sustainable and transparent income stream
through an annual dividend on the issue price of 100p (6.26p target
for 2015). Given the nature of the Company's income streams, the
Board intends to increase the dividend in line with Retail Price
Index (RPI) inflation. The company also aims to preserve capital on
a real basis by reinvesting excess cashflow in additional operating
UK wind farms and through prudent use of portfolio leverage.
The Company offers exposure to UK wind generation through a
premium listed vehicle. Greencoat UK Wind is fully invested solely
in operating UK wind farms which are currently producing
Greencoat UK Wind was the first renewable infrastructure fund to
list on the LSE main market and is the only infrastructure fund or
renewable infrastructure fund domiciled in the UK. Greencoat
UK Wind is incorporated in England and Wales, and is a UK
The Company is managed by an experienced team of senior
executives from Greencoat Capital LLP, the cleantech and renewables
focused investment management firm, and overseen by a strong and
experienced independent board of directors, all of whom are based
in the UK.
Greencoat UK Wind has a broad investor base that
includes numerous blue-chip institutional investors.
Greencoat UK Wind plc currently conducts its affairs so that its
Ordinary Shares (the "Shares") can be recommended by independent
financial advisers ("IFAs") to retail private investors in
accordance with the Financial Conduct Authority ("FCA") rules in
relation to non-mainstream investment products and intends to
continue to do so for the foreseeable future.
The Company is a UK plc and has been approved as an
investment trust and, accordingly, the Shares are excluded
securities for the purposes of the FCA's restrictions which apply
to non-mainstream investment products since they are shares in an
The Company is an alternative investment fund or
"AIF" for the purposes of The Alternative Investment Fund Managers
Regulations 2013 and has appointed Greencoat Capital LLP as its
alternative investment fund manager and Heritage Depositary Company
(UK) Limited as its depositary. Each of Greencoat Capital LLP
and Heritage Depositary Company (UK) Limited are authorised and
regulated by the Financial Conduct Authority.