Dividend Confirmation of Record Date
11 March 2021
On 8 March 2021, the Board of Directors (the "Board") of Gore Street declared an interim dividend of 2.0 pence per share for the period 1 October 2020 to 31 December 2020. The dividend will be paid on or around 9 April 2021 to shareholders on the register on 19 March 2021 with an ex-dividend date of 18 March 2021.
Since the last audited NAV as at 31 March 2020, the Company's NAV appreciated from 94.6 pence per share to 99.6 pence per share, an increase of 5.0 pence per share or 5.29%. During the last twelve months of wider equity market uncertainty, the Company has announced 7 pence per share in dividends as targeted. Total NAV return, including the 7.0 pence paid in dividends, was 10.9%.
The Legal Entity Identifier of the Company is 213800GPUNVGG81G4O21.
For further information:
Gore Street Capital Limited
Alex O'Cinneide / Paula Travesso
Tel: +44 (0) 20 3826 0290
Shore Capital (Joint Broker)
Anita Ghanekar / Hugo Masefield (Corporate Advisory)
Henry Willcocks / Fiona Conroy (Corporate Broking)
Tel: +44 (0) 20 7601 6128
J. P. Morgan Cazenove (Joint Broker)
William Simmonds / Jérémie Birnbaum (Corporate Finance)
Tel: +44 (0) 20 7742 4000
Buchanan (Media enquiries)
Tel: +44 (0) 20 7466 5000
Charles Ryland / Henry Wilson / George Beale
Email: [email protected]
JTC (UK) Limited, Company Secretary
Tel: +44 (0) 20 7409 0181
Notes to Editors
About Gore Street Energy Storage Fund plc
Gore Street is London's first listed energy storage fund and seeks to provide Shareholders with a significant opportunity to invest in a diversified portfolio of utility scale energy storage projects. In addition to growth through exploiting its considerable pipeline, the Company aims to deliver consistent and robust dividend yield as income distributions to its Shareholders.
The Company targets an annual dividend of 7.0% of NAV per Ordinary Share in each financial year, subject to a minimum target of 7.0 pence per Ordinary Share. Dividends are paid quarterly.