Ecofin Water & Power FY Net Asset Value 177.94P Vs 150.64P

30th Jul 2010 18:39

LONDON (Dow Jones)--Ecofin Water & Power Opps PLC (ECWO.LN), an investment trust, announced Friday it made a net asset value per share of 177.94 pence for the year ended March 31, compared with a previous 150.64 pence. MAIN FACTS: -Share price: 143.00 pence (2009: 122.50 pence) -Return per share: 35.22 pence (2009: Loss 36.69 pence) -Net Cash: GBP4,032,000 (2009: GBP6,755,000) -The Board took this action in recognition of the fact that the semi-annual dividend on the company's ordinary shares had not been increased since 2005 and it would expect to maintain this semi-annual dividend of 3.0 pence per Ordinary Share, markets permitting. -In the financial year to March 31, the net assets of your company, adjusted for capital changes increased by 22.2%-or by 18.1% on a diluted basis, taking into account the effect of the Subscription Shares and the Convertible Unsecured Loan Stock issued in May and July 2009,respectively. -This performance compares favorably with the decline in net assets of 22.6% company suffered in the year to March 31, 2009. -Over the same period, the price of the company's ordinary shares increased by 16.7% as the discount to net asset value at which the Ordinary shares traded in the secondary market widened from 18.7% at the beginning of the financial year to 22.3% at March 31. -The total return for ordinary shareholders over the financial year-which is the increase in the share price plus dividends received-was 20.8%. -Shares closed Friday at 135.75 pence -By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; [email protected] Order free Annual Report for Ecofin Water & Power Opps PLC Visit http://djnweurope.ar.wilink.com/?ticker=GB00B09LK252 or call +44 (0)208 391 6028 (END) Dow Jones Newswires July 30, 2010 13:39 ET (17:39 GMT)