“In one year, 40% of Saeta Yield’s income will be obtained from overseas assets”

The CEO of Saeta Yield, José Luis Martínez Dalmau, yesterday stated during the company’s General Shareholder’s Meeting held in Madrid that “in one year, 40% of Saeta Yield’s income will be obtained from overseas assets”, compared with 10% currently, in order to diversify its activities internationally. Saeta Yield launched its international expansion in May with the acquisition of the wind farms Carapé I and II in Uruguay for some $65 million, which was also its first purchase of third party assets. It now intends to continue to buy assets in countries like Portugal, Mexico and Uruguay, where it has access to various options through a right of first offer (RoFO) with its sponsors, ACS and Bow Power. It is also not ruling out new third party purchases.

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Saeta Yield underpins its dividend policy. The acquisition of Carapé in Uruguay and the refinancing of Manchasol 2 should allow to increase the implicit annual dividend per share to 0.76 euros

Saeta Yield announced today a strengthening of its shareholder remuneration policy. The acquisition of Carapé in Uruguay and the refinancing of Manchasol 2 should allow to increase the implicit annual dividend per share to 0.76 euros, 1% higher than the previous figure and 8.9% higher than the initial dividend at the IPO In February 2015. This improvement is due to the favorable outlook of the company with respect to the evolution of its recurring cash flow, a figure that grows up to 73.1 million euros. These dividend will have to be approved by the Board of Directors every quarter.

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