In January 2024, SDCL Energy Efficiency Income Trust (SEEIT) hosted a retail webinar to provide an overview of the trust, its investment strategy and portfolio, as well as its financial results.

SDCL Energy Efficiency Income Trust (SEEIT) has taken a prudent approach to discount rate adjustments in the period, leading to a 10.9p reduction in net asset value (NAV) per share from 101.5p to 90.6p. This was largely driven by a 100bp increase in the weighted average unlevered discount rate to 8.7%. The portfolio valuation at the end of H124 stood at £1,066m and investment cash inflow from the portfolio was £47m (a c 9% increase from H123). SEEIT has declared a total aggregate dividend of 3.12p per share for H124, which is in line with its FY24 target of 6.24p (a 4% y o y increase), while maintaining a dividend cash cover of 1.1x, which is expected to grow by the end of FY24 and over the medium term. SEEIT is currently trading at a 33% discount to NAV with a 10% dividend yield.

Impacts of the US Inflation Reduction Act on SEEIT presented by Lolita Jackson (Executive Director of Sustainable Cities, SDCL) SDCL Energy Efficiency Income Trust’s objective is to generate an attractive total return for investors, comprising a stable dividend income and capital preservation, with the opportunity for capital growth. The purpose of the webinar is to provide investors an explanation of the workings and major provisions of the largest climate investment in US history – including its overall structure, the renewable technologies it covers, and funding parameters – and how companies in SEEIT’s portfolio can take advantage of the policy. The webinar will also include a short Q&A session.