Daily Mail

TRUST WATCH

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WHAT IS IT?

A portfolio of 53 solar farms in the UK and Australia.

WHAT DOES THE MANAGER INVEST IN?

Some 83pc of its investment­s are in the UK and 17pc in Australia. In total it owns 869 megawatts of generating capacity. Around 52pc of its revenue comes from subsidies, mainly a British one called the Renewable Obligation Certificat­e, which is inflation linked.

The trust aims to provide an inflation-linked income stream. The dividend for 2018 was 6.58p.

WHAT DO THE EXPERTS LIKE?

The underlying assets are pretty stable, says Ben Yearsley, director at Shore Financial Planning.

He adds that a high yield of more than 5.5pc and the dividend broadly inflation-linked makes this an interestin­g income play.

ANY DOWNSIDES?

A risk could be if the Government reneged on subsidies, though that seems unlikely.

Another downside is a long-term one, in that the subsidies only last for a set period. Originally it was 25 years, but we are well into that now. You are not going to get much capital growth and it does sit on a small premium today of about 4.5pc.

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