Ecofin Global Utilities and Infrastructure Trust plc (the ‘Company’ or ‘EGL’) is an investment company as per Section 833 of the Companies Act 2006 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.
The ordinary shares of EGL began trading on the London Stock Exchange on 26 September 2016, further to a Scheme of Reconstruction which was approved by shareholders of Ecofin Water & Power Opportunities plc (EWPO) in September 2016.
The Company’s assets are primarily invested in equity and equity-related securities of utility and infrastructure companies in developed countries.
- Electric & Gas Utilities: Generation, Transmission & Distribution of Electricty, Gas and Liquid Fuels and Renewable Energies
- Transportation Services: Roads, Railways, Ports & Airports
- Water & Environment: Water Supply, Wastewater, Water Treatment and Environmental Services
EGL 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 EGL believe that the use of gearing is justified given the nature of most of the companies in which EGL invests; that is, companies which provide essential services, operate in regulated markets and within stable regulatory frameworks, and pay dividends. EGL utilises a flexible gearing policy with the ability to borrow amounts up to 25% of the Company’s net assets.