How to
invest in TRIG

The shares of The Renewables Infrastructure Group Ltd are traded on the London Stock Exchange under the ticker “TRIG” and can be acquired through a stockbroker or other financial intermediary. The Company’s shares are also available through savings plans (including Investment Dealing Accounts, ISAs, Junior ISAs and SIPPs). A selection of investment platforms are shown below, though this list is not comprehensive.

Investment Platforms

There are several investment platforms offering the facilities to buy and sell TRIG’s shares. A non-exhaustive list of platforms is provided below, this does not constitute any form of recommendation regarding the firms listed, their products or services:

AJBell Youinvest
Charles Stanley Direct
Hargreaves Lansdown
iDealing.com
Interactive Investor
Redmayne Bentley
Saga Share Direct
Selftrade
ShareDeal Active
Shareview
X-O

Consumer Duty

The Consumer Duty is a set of rules that are designed to ensure that firms in the financial services industry provide a higher standard of care to retail consumers. Consumer Duty asks firms to deliver good customer outcomes in four key areas, visit our Consumer Duty page on this website for more information.

FAQ

If you can’t find the answer to your question below, please contact TRIG’s Administrator & Company Secretary whose contact details are available here.

These FAQs are general in nature and are not intended to provide specific investment, financial, legal, accounting or tax advice, nor do they seek to make any recommendations about the suitability of TRIG shares for any particular investor. If you require any such advice, please consult a suitably qualified professional adviser.

  • What is the Company’s ticker, and what are its ISIN and SEDOL codes?

    The Company’s ticker is TRIG and its ISIN and SEDOL codes are GG00BBHX2H91 and BBHX2H9, respectively.

  • When was TRIG listed and at what price?

    TRIG was listed on the Main Market of the London Stock Exchange on 29 July 2013 at an issue price of 100p.

  • Does TRIG does fall within the HMRC’s definition of an offshore fund?

    No. TRIG does not fall within the HMRC’s definition of an offshore fund for UK resident investors. Further information may be found on HMRC’s website (see https://www.gov.uk/hmrc-internal-manuals/investment-funds).

  • What are TRIG’s Operating Expenses?

    The Company’s Operating Expenses Ratio for the year ended 31 December 2025 was 0.94% on an annualised basis. TRIG is a member of The Association of Investment Companies (“AIC”). Ongoing Charges, in accordance with AIC guidance, are defined as annualised ongoing charges (i.e. excluding acquisition costs and other non-recurring items) divided by the average published undiluted net asset value in the period. Further information regarding The Association of Investment Companies may be found via the following external link: www.theaic.co.uk. Please refer to Contact for full address details and Useful Links for further information.

  • Is TRIG a Non-Mainstream Pooled Investment (NMPI)?

    No. Following the receipt of legal advice, the Board has confirmed that it conducts the Company’s affairs, and intends to continue to conduct the Company’s affairs, such that the Company would qualify for approval as an investment trust if it were resident in the United Kingdom. It is the Board’s intention that the Company will continue to conduct its affairs in such a manner and that IFAs should therefore be able to recommend its Ordinary Shares to ordinary retail investors in accordance with the FCA’s rules relating to non-mainstream investment products.

  • What is TRIG’s official benchmark?

    The Company does not currently have a benchmark index for listed infrastructure investment companies per se, but the FTSE 250 index or the FTSE All Share index may be used to show relative performance.

  • When does TRIG announce its results?

    The Company’s annual results are normally published in February (in respect of its financial year ended 31 December) and its interim results are normally published in August (in respect of the six months ended 30 June). Please refer to the Reports & Publications page for the latest documents.

  • Are TRIG’s shares eligible for inclusion within a NISA/ISA, PEP or SIPP?

    TRIG’s shares are eligible for inclusion in NISA/ISAs and PEPs (subject to applicable subscription limits) provided that they have been acquired by purchase in the market, and they are permissible assets for SIPPs.

  • How do I subscribe for paperless or e-communications?

    The Chairman, through MUFG Corporate Markets (Guernsey) Limited, writes to new shareholders periodically to ask if they require paper copies of the Company’s statutory documents or communications. If you do not elect to continue receiving paper copies, you will instead be sent a notification by post whenever a relevant document/communication is published on the Company’s website.

    Alternatively, if you are happy to be removed from paper communication completely, and to just receive email notifications following the publication of statutory or other shareholder documentation, you can register your email address directly with MUFG Corporate Markets (Guernsey) Limited. If you have not received a letter from MUFG Corporate Markets (Guernsey) Limited yet, or you wish to change your current preferences in respect of either of these services, instructions can be found in Shareholder Services.

  • Is stamp duty payable when I purchase TRIG shares?

    No stamp duty (or SDRT in the context of paperless transactions) is payable on the purchase of shares in a Guernsey company – the duty only applies to shares in UK companies or foreign companies who maintain their share register in the UK. Your financial advisor should be able to clarify any liabilities.

  • How much and when is the next dividend payable? Where can I find details of the dividend history?

    TRIG normally pays dividends on a quarterly basis, on or around the last business day in March, June, September and December of each year. It is expected that the quantum of each quarterly dividend will be one-quarter of the forecast dividend for the year. The timetable for the current financial year’s dividend is set out in Calendar, whilst the Company’s dividend history can be found in Investment Strategy.

  • Is there a Dividend Reinvestment Plan (scrip alternative)?

    The Board believes that it remains in the general interest of shareholders, who may be able to treat distributions of scrip shares
    as capital for tax purposes or who may otherwise wish to roll over their dividend entitlement into further investment in the Company, to have the option of electing to receive part, or all of their dividends in the form of scrip shares. Shareholders who elect to take scrip shares instead of receiving cash dividends will increase their holdings without incurring dealing costs or stamp duty. The Company benefits from the retention of cash for further investment, which would otherwise be paid out as a dividend.

    The Company has been offering the scrip dividend alternative since February 2014 and this has been popular with many shareholders. Since late 2022, the Company has been unable to offer the scrip dividend alternative as a result of the Ordinary Share price being greater than 10% below the prevailing NAV.

  • Is TRIG an approved investment trust (and therefore eligible for inclusion in an offshore bond)?

    An approved investment trust is a company which the Commissioners of HMRC are satisfied meets all of the conditions set out in section 1158 CTA 2010. As TRIG is not resident in the United Kingdom, it does not meet all of these conditions. However, TRIG does meet the criteria to qualify as an “overseas equivalent” of a UK investment trust and as such, TRIG constitutes permitted investments for an offshore bond.

  • What UK Taxation is applicable to shareholders?

    Please refer to the most recent Prospectus which can be found in the Publications section. Please note that this section provides a generic overview of relevant tax issues at the time of the Prospectus’s issue and that investors should obtain their own specific and up to date financial and tax advice.

  • Where can I find TRIG’s Key Information Document (KID)?

    TRIG’s Key Information Document can be found on the Reports & Publications page of this website.

  • Will I incur Guernsey tax on my dividends?

    Shareholders that are not a tax resident in Guernsey: Under current tax arrangements, provided the Company maintains its exempt status, the Company’s distributions, whether paid in cash or as a scrip dividend, are made to Shareholders (not being Guernsey tax resident) without giving rise to a liability to Guernsey income tax. Furthermore, the Company is not required to withhold Guernsey tax on such distributions.

    Shareholders that are a tax resident in Guernsey: Shareholders who are resident for tax purposes in Guernsey (which includes Alderney and Herm) will incur Guernsey income tax at the applicable rate on a distribution, whether received in cash or as a scrip dividend from the Company. Provided the Company maintains its exempt status, there is no requirement for the Company to withhold tax from the payment of a distribution to a Guernsey resident Shareholder.

Disclaimer

Investors should not purchase or subscribe for any transferable securities referred to on this page except on the basis of information contained in TRIG’s prospectus dated 5 March 2021. The information on this page does not constitute an offer to sell, or a solicitation of an offer to acquire, securities in the United States or in any other jurisdiction in which the same would be unlawful. Neither the information on this page nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.

When investing in TRIG, the value of your investment, and any income from it can fall as well as rise, and you may not get back the amount invested. This is because you are buying shares in a company listed on a stock exchange where the price of shares is determined by changing market conditions and supply and demand for the Company’s shares. Consequently, the share price of an investment trust may be higher or lower than the underlying net asset value of the investments in its portfolio. In the event the share price is less than the underlying value of the assets, the difference is known as the ‘discount’, for this reason investors may not get back the original amount invested. Market and exchange rate movements can cause the value of an investment to fall as well as rise, and you may get back less than originally invested. The value of ISA and Junior ISA tax advantages will depend on personal circumstances, and the favourable tax treatment of ISAs and Junior ISAs may not be maintained subject to changes in legislation. Before making an investment decision, please read the Key Information Document (KID). Past performance is not a reliable indicator of future results. Company examples are for illustrative purposes only and are not a recommendation to buy or sell. Capital and income at risk.