NOTES: The Company invests in primarily newly developed social housing assets in the UK, with a particular focus on supported housing. The assets within the portfolio are subject to inflation-linked, long-term (typically from 20 years to 30 years), Fully Repairing and Insuring ( FRI ) leases with Approved Providers (being Housing Associations, Local Authorities or other regulated organisations in receipt of direct payment from local government). The portfolio comprises investments into properties which are already subject to an FRI lease with an Approved Provider, as well as forward funding of pre-let developments but does not include any direct development or speculative development. There is increasing political pressure and social need to increase housing supply across the UK which is creating opportunities for private sector investors to help deliver this housing. The Group s ability to provide forward funding for new developments
Further to the announcement made on 10 December 2020, the Board of Directors of Ecofin U.S. Renewables Infrastructure Trust PLC ( RNEW or the Company ) is pleased to confirm the amended expected timetable for its proposed initial public offering ( IPO ) on the London Stock Exchange s Main Market, by way of an Initial Placing and Offer for Subscription (the Initial Issue ). The Company continues to be encouraged by the response to the proposition from a broad range of institutional investors and private wealth managers, as well as continued support from Ecofin and the Capricorn Investor who have each indicated an intention to invest increased amounts in the Initial Issue in addition to their original subscriptions as described in the Prospectus dated 11 November 2020.