Ecofin Global Utilities and Infrastructure Trust plc is an investment company domiciled in the United Kingdom. Its ordinary shares are listed on the London Stock Exchange (EGL:LN). As an investment trust, the Company is exempt from capital gains tax and its shares are eligible for inclusion in an Individual Savings Account.

Fund Stats as of 19/05/2022:

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NAV per Share (pence)

218.92

Share Price (pence)

217.00

Premium/Discount

-0.88%

Dividend Yield

3.13%

Total Net Assets

£223,070,062

Gearing (% of net assets)

11.70%

Issued Share Capital

102,528,423

SEDOL

BD3V464

ISIN

GB00BD3V4641

The ordinary shares of Ecofin Global Utilities and Infrastructure Trust plc (the ‘Company’ or ‘EGL’) began trading on the London Stock Exchange on 26 September 2016. The Company’s assets are primarily invested in equity and equity-related securities of utility and infrastructure companies in developed countries. These companies have a mix of regulated and growth-oriented business segments:

Electric & gas utilities

Generation, transmission & distribution of electricity, gas and liquid fuels and renewable energies

Transportation services

Roads, railways, ports and airports

Water & environment

Water supply, wastewater, water treatment and environmental services

The latest from EGL

Sectors set for profitable growth

There is a requirement for substantially greater investment in economic infrastructure globally in order to support economic growth and to meet the UN’s Sustainable Development Goals. Corporate strategies are changing rapidly in the Company’s sectors to meet the urgent demands for more and cleaner electricity and for the mitigation of environmental risks. Capital spending requirements related to the modernisation of inadequate infrastructure and to the transition to low and zero carbon energies should support profitable growth for the Company’s investment universe and portfolio.

Investment objective and policy

Ecofin Global Utilities and Infrastructure Trust plc's investment objectives are to achieve a high, secure dividend yield on its investment portfolio and to realise long-term growth in the capital value of its portfolio for the benefit of shareholders, while taking care to preserve shareholders’ capital.

The Company may make use of gearing to enable it to earn a high level of dividend income and to offer shareholders a geared return on their investment.  The Directors of the Company believe that the use of gearing is justified given the nature of most of the companies in which the Company invests; that is, companies which provide essential services, operate in regulated markets and within stable regulatory frameworks, and pay dividends. The Company utilises a flexible gearing policy with the ability to borrow amounts up to 25% of net assets.

The Company is registered in England & Wales with Registered Number 10253041.

Latest Announcements

Literature Archive

2022 Ecofin Global Utilities and Infrastructure Trust plc (EGL) Annual General Meeting

Allocations

As of 30/04/2022

10 Largest holdings

As of 30/04/2022
Company % of Total
NextEra Energy*
5.2%
US
Drax
4.0%
UK
RWE
3.9%
Germany
American Electric Power
3.7%
US
Endesa
3.6%
Spain
Company % of Total
SSE
3.6%
UK
Enel
3.4%
Italy
Greencoat UK Wind
3.2%
UK
Ferrovial
2.8%
Spain
Alliant Energy
2.8%
US

  1. 26 September, 2016

Source: Bloomberg. Performance is shown on a total return basis, i.e., assuming reinvestment of dividends.

The Board of Directors are all non-executive and independent. The Directors, apart from Max King and Susannah Nicklin, were appointed at admission on 26 September, 2016. All Directors are members of the Audit Committee, Management Engagement Committee and Remuneration Committee.

David Simpson

Chairman

David Simpson, the Chairman of the Company, is a qualified solicitor and was a partner at KPMG for 15 years until 2013, culminating as global head of M&A. Before that he spent 15 years in investment banking, latterly at Barclays de Zoete Wedd Ltd. He is chairman of M&G Credit Income Investment Trust plc, a director of Aberdeen New India Investment Trust PLC, the British Geological Survey and ITC Limited, a major listed Indian company.

Iain McLaren

Chairman of the Audit Committee and Senior Independent Director

Iain McLaren is a chartered accountant and was a partner at KPMG for 27 years, including senior partner in Scotland from 1999 to 2004, retiring from the firm in 2008. He is a director of Wentworth Resources plc and Jadestone Energy Inc. He is a past president of the Institute of Chartered Accountants of Scotland.

Malcolm (Max) King

Chairman of the Remuneration Committee

Max King is a chartered accountant and has over 30 years’ experience in fund management having worked at Finsbury Asset Management, J O Hambro Capital Management and Investec Asset Management. He is also a columnist for MoneyWeek magazine. Max is currently a director of Gore Street Energy Storage Fund plc. He was appointed as a Director of the Company on 11 September, 2017.

Susannah Nicklin

Susannah Nicklin is an experienced non-executive director and financial services professional with 25 years of experience in executive roles in investment banking, equity research and wealth management at Goldman Sachs and Alliance Bernstein in the US, Australia and the UK. Susannah is Chair of the Schroder BSC Social Impact Trust plc, and a director of Amati AIM VCT plc, Baronsmead Venture Trust plc, and The North American Income Trust plc and retired as senior independent director of Pantheon International plc on 27 October, 2021. She holds the Chartered Financial Analyst qualification. She was appointed as a Director on 9 September, 2020.

Company Secretary and Registered Office

Company Secretary and Registered Office
Maitland Administration Services Limited
Hamilton Centre
Rodney Way
Chelmsford CM1 3BY

Tel: 01245 950317

Email: cosec@maitlandgroup.com

  • Administrator

    BNP Paribas Securities Services S.C.A.

    10 Harewood Avenue
    London NW1 6AA

  • Broker

    Stifel Nicolaus Europe Limited

    150 Cheapside
    London EC2V 6ET

  • Investment Manager

    Ecofin Advisors Limited

    Burdett House
    15 Buckingham Street
    London WC2N 6DU

  • Banker, Custodian and Depositary

    Citigroup

    Citigroup Centre
    Canada Square, Canary Wharf
    London E14 5LB

  • Solicitor

    Norton Rose Fulbright LLP

    3 More London Riverside
    London SE1 2AQ

  • Registered Auditor

    Ernst & Young LLP

    Atria One
    144 Morrison Street
    Edenburgh EH1 8EX

  • Registrar

    Computershare Investor Services PLC

    The Pavilions, Bridgwater Road, Bristol
    BS99 6ZZ, United Kingdom
    Telephone for enquiries: +44 (0)370 703 6234
    www.investorcentre.co.uk

The share register for Ecofin Global Utilities and Infrastructure Trust plc is maintained by Computershare Investor Services. If you have a problem – such as a lost documentation or dividend cheque – please contact Computershare Investor Services directly. Your account details may also be accessed by using their website.

Computershare Investor Services PLC
The Pavilions, Bridgwater Road, Bristol
BS99 6ZZ, United Kingdom

Telephone for enquiries: +44 (0)370 703 6234

www.investorcentre.co.uk

WebCorres@computershare.co.uk

Financial Calendar

Dividends payable (last business day of) February, May, August, November
AGM March
Half-year ends 31 March
Release of Interim Report May
Financial year ends 30 September
Release of Annual Report December

Regulatory Documents