Skip to main content

Correction: GREENBACKER RENEWABLE ENERGY COMPANY LLC ANNOUNCES MARCH 31, 2020 NET ASSET VALUE AND DISTRIBUTION RATES

Written by Customer Service on . Posted in Dividend Reports And Estimates.

New York, NY, May 14, 2020 (GLOBE NEWSWIRE) — Greenbacker Renewable Energy Company LLC (the “Company”) announced that its Board of Directors on May 12, 2020 approved the March 31, 2020 net asset value per share for the Company’s Class A and I shares of common stock of $8.59, respectively, representing an increase for each class of shares of $0.03 per share from the prior quarter-end’s valuation. In addition, the Board of Directors approved the March 31, 2020 net asset value per share for the Company’s Class C shares of common stock of $8.41, representing an increase of $0.03 per share from the prior quarter-end’s valuation.  The Company’s Board of Directors also authorized cash distributions payable on June 1, 2020, July 1, 2020, August 3, 2020 and September 1, 2020 to shareholders of record as of May 29, 2020, June 30, 2020, July 31, 2020 and August 31, 2020, respectively, equating to an annualized distribution rate of 6.46% for all share classes, including Class A, Class, I, and Class C.  The annual distribution rates for these share classes has been slightly reduced to ensure the annual yield on NAV is consistent across all of the Company’s share classes.About Greenbacker Renewable Energy CompanyGreenbacker Renewable Energy Company LLC is a publicly reporting, non-traded limited liability company that acquires and manages income -generating renewable energy and energy efficiency projects, and other energy-related businesses. The projects in which we invest, such as solar and wind facilities, sell power under long-term contract to high credit worthy counterparties such as utilities, municipalities, and corporations. For more information, please visit www.greenbackercapital.comForward-Looking StatementsThis press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. The Company undertakes no obligation to update any forward-looking statement contained herein to conform to actual results or changes in the Company‘s expectations.Media Contact:Greenbacker    
Joseph Kuo / Chris Clemens
Haven Tower Group
424 317 4851 or 424 317 4854
 mediarelations@greenbackercapital.com           

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.