11 March 2014
BLUEFIELD SOLAR INCOME FUND LIMITED
(the "Company")
Statement regarding Non-Mainstream Pooled Investment Products
The Board of the Company notes the rules of the UK Financial Conduct Authority ("FCA") on the promotion of non-mainstream pooled investments, effective from 1 January 2014.
The Board has received appropriate legal advice which confirms that the Company's shares will qualify as an 'excluded security' under these new rules and will therefore be excluded from the FCA's restrictions which apply to non-mainstream investment products.
The Company is advised that its shares are excluded from the FCA's restrictions which apply to non-mainstream investment products principally because the Company has conducted its affairs in such a manner that it would have qualified for approval by HMRC as an investment trust had it been resident in the UK. The Company intends to conduct its affairs so that this remains the case for the foreseeable future.
For further enquiries please contact:
James Armstrong / Mike Rand / Giovanni Terranova
Bluefield Partners LLP - Company Investment Adviser
Tel: +44 (0)20 7078 0020
Tod Davis / David Benda / Jamie Lillywhite
Numis Securities Limited - Company Broker
Tel: +44 (0)20 7260 1000
Nick Bastin / Liam Clark / Giles Abbott
Capital MSL, Financial Communications
Tel: +44 (0)20 7307 5330
Kevin Smith
Heritage International Fund Managers Limited - Company Secretary & Administrator
Tel: +44 (0)1481716000
About Bluefield Solar Income Fund Limited (the "Company" or "BSIF")
BSIF is a Guernsey-registered investment company focusing on large scale agricultural and industrial solar assets. The Company raised gross proceeds of £130 million in July 2013 through an initial public offering ("IPO") of shares on the main market of the London Stock Exchange. It raised further capital via a tap issue in February 2014.
The Company seeks to provide shareholders with an attractive return, principally in the form of semi-annual income distributions, by investing in a diversified portfolio of solar energy assets, each located within the UK, with a focus on utility scale assets and portfolios on greenfield, industrial and/or commercial sites.
About Bluefield Partners LLP ("Bluefield")
Bluefield was established in 2009 as a specialist investor into solar energy. Bluefield's team has a proven track record in the selection, acquisition and management of large scale energy and infrastructure assets in the UK and Europe.
The managing partners have been involved in over GBP350m of solar photovoltaic ("PV") funds and/or transactions in both the UK and Europe since 2008, including over GBP170m in the UK since December 2011. Bluefield has led the acquisitions, and currently advises, on over 50 UK based solar assets.
Bluefield was appointed Investment Adviser to the Company in June 2013.
The managing partners have been involved in over £355m of solar photovoltaic ("PV") fund and/or transactions in both the UK and Europe since 2008, including over £170m in the UK since December 2011.
Bluefield was appointed the investment adviser to the Company in June 2013.
Website: www.bluefieldllp.com
