NextEnergy Solar Fund ☀️ - NESF

Not sure I follow, why would they stop trading shares in this?

It sounds like you are getting this mixed up with the Evraz topic.

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Maybe but I’m asking if they want to pay you in lieu and freetrade don’t allow it somebody has to be wrong and give in

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From reading the circular on the website, it’s an option that is available, so if you don’t opt in, by default, you get the dividend payments as cash. In other words, if Freetrade don’t do anything the dividend would continue in cash regardless.

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Has anyone received their 31st March dividends yet?

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Nope not yet. Any day now :crossed_fingers:

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Yes received today

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I didn’t know it was due today so bonus :smiley: but as of yet I haven’t received mine :roll_eyes:

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Divs were paid today.

Do anybody know why there has been a steady decline in the share price over the past few months with such a severe drop since early June?

These trusts are very sensitive to changes in interest rates. Also from memory NESF were one of the least hedged so has more sensitivity to market electricity prices, which have been dropping.

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4.5% £200 million preference shares. Supposedly non redeemable so stuck with that interest rate BUT will not need refinancing.

Selling some assets to pay off revolving credit facility.

Worth noting the size of the management company and it’s assets under management (other than NESF)
Obviously very knowledgeable people with plenty of contacts and pipeline projects.
Bought more today.
Bought some on exdivided day so got them cheap hence greater dividend in the future. Minimal movement since.

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I am going to add to this Monday the discount and dividend are just to good.
Possibly my last purchase of infrastructure or REITs

Latest RNS
“NextEnergy Solar Fund, a leading specialist investor in solar energy and energy storage, is pleased to announce the energisation of its first two international solar co-investments alongside NextPower III ESG (“NPIII ESG”), bringing an additional 260MW online in Europe and increasing NESF’s total installed net capacity to 979MW”

No move in the share price (slightly down at the moment).
More assets coming on stream OR another way of putting it is more income coming on stream and an increased ability to pay the present 10% plus dividend. Which is already well covered by cash.

Redeemable by the company in 2030 but only if the company wants to redeem them. If not they convert to ordinary shares in 2036.