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Foresight Solar Fund confident

By BFN News | 08:21 AM | Tuesday 03 March, 2015

Foresight Solar Fund Ltd's net asset value per ordinary share increased to 100.9p at the end of 2014 - up from 98.0p at launch on 29 October 2013 (excluding the 3.0p per share dividend paid on 30 September). The company continues to target a 6.0 pence annual dividend per ordinary share which is expected to increase in line with inflation, together with a target unlevered internal rate of return of between 7-8%, net of all fees and expenses. The first interim dividend of 3.0p per ordinary share was declared on 19 August and was paid on 30 September. The second interim dividend of 3.0p per ordinary share was approved yesterday and will be paid on 27 March. Chairman Alexander Ohlsson said: "The board and Foresight Group CI Limited, the investment manager, believe that strong progress has been made in establishing the company's position on the UK listed market as a leading dedicated solar renewable infrastructure company. "This position is expected to strengthen further once the exchanged contract to acquire the Kencot plant completes. This continued growth in scale gives us confidence in achieving the original objectives of the company." At 8:21am: (LON:FSFL) Foresight Solar Fund Limited Ord Npv share price was -0.25p at 104.25p Story provided by

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