TIDMBSIF

RNS Number : 1453S

Bluefield Solar Income Fund Limited

06 July 2020

6 July 2020

BLUEFIELD SOLAR INCOME FUND LIMITED

(the "Company")

Result of Extraordinary General Meeting

The Board of Bluefield Solar Income Fund Limited (the "Company") is pleased to announce that, at the Extraordinary General Meeting (the "EGM") of the Company held on 6 July 2020 at 10.00am, both of the resolutions were duly passed. In accordance with Listing Rule 9.6.2 the special resolution passed at the EGM has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM .

The ordinary resolution related to the proposed changes to the investment objective and investment policy as described in the Circular to shareholders dated 19 June 2020 (the "Circular").

The special resolution related to the disapplication of pre-emption rights.

The votes received were as follows:

 
                           For               Discretion       Against          Withheld 
     Resolution 1 - 
      Ordinary             239,870,551       10,844           2,394,912        76,076 
                      ----------------  ---------------  ---------------  ------------- 
     Resolution 2 - 
      Special              230,213,469       15,844           11,867,758       255,311 
                      ----------------  ---------------  ---------------  -------------

A vote withheld is not counted as a vote in law.

Capitalised terms used but not defined in this announcement will have the same meaning as set out in the Circular.

Mr Rennocks, Chairman of the Company said "I am delighted that the proposed Resolutions for the EGM have had the overwhelming approval of the shareholders and we thank them for their continuing support for the Company and the Investment Adviser. Our evolution in the investment policy will provide the Company with a powerful mandate for its next phase of growth whilst supporting the continuation of a sector leading dividend. The Board looks forward to working closely with the Investment Adviser as we seek to execute our ambitious plans."

For further information:

 
     Bluefield Partners LLP (Company Investment             Tel: +44 (0) 20 
      Adviser)                                                    7078 0020 
      James Armstrong /Neil Wood/Giovanni              www.bluefieldllp.com 
      Terranova 
 
     Numis Securities Limited (Company Broker)              Tel: +44 (0) 20 
      Tod Davis / David Benda                                     7260 1000 
                                                              www.numis.com 
 
     Ocorian Administration (Guernsey) Limited            Tel: +44 (0) 1481 
      (Company Secretary & Administrator)                           742 742 
      Kevin Smith                                           www.ocorian.com 
 
     Media enquiries: 
      Buchanan (PR Adviser)                                 Tel: +44 (0) 20 
      Henry Harrison-Topham / Victoria Hayns                      7466 5000 
      / Henry Wilson                                    www.buchanan.uk.com 
                                                       BSIF@buchanan.uk.com

Note to editors

About Bluefield Solar

Bluefield Solar is a UK income fund focused, primarily, on acquiring and managing UK-based solar projects to generate renewable energy for periods of typically 25 years or longer. Not less than 75% of the Company's gross assets will be invested into UK solar assets. The Company can also invest up to 25% of its gross assets into onshore wind, hydro and storage technologies. Its primary objective is to deliver to its shareholders stable, long term sterling income via quarterly dividends. The majority of the Group's revenue streams are regulated and non-correlated to the UK energy market. Bluefield Solar owns and operates one of the UK's largest, diversified portfolios of solar assets with a combined installed power capacity in excess of 478 Megawatt peak (MWp).

Further information can be viewed at www.bluefieldsif.com

About Bluefield Partners LLP ('Bluefield')

Bluefield was established in 2009 and is an investment adviser to companies and funds investing in renewable energy infrastructure. It has a proven record in the selection, acquisition and supervision of large-scale energy assets in the UK and Europe. The team has been involved in over GBP1.5 billion of solar PV funds and/or transactions in both the UK and Europe since 2008, including over GBP800 million in the UK since December 2011.

Bluefield has led the acquisitions of, and currently advises on, over 85 UK based solar PV assets that are agriculturally, commercially or industrially situated. Based in its London office, Bluefield's partners are supported by a dedicated and highly experienced team of investment, legal and portfolio executives. Bluefield was appointed Investment Adviser to the Company in June 2013.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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