Home Alts News Greenbacker Updates Net Asset Value and Revises Share Offering Prices

Greenbacker Updates Net Asset Value and Revises Share Offering Prices

The board of Greenbacker Renewable Energy Company, a publicly registered, non-traded limited liability company, approved the June 30, 2017 net asset value per share for Class A and Class I shares of $8.63, a decrease of $0.01 per share from the prior quarter’s valuation.

The board also approved a net asset value per share for Class C shares of $8.41, an increase of $0.01 per share from the previous quarter.

Due to the changes in net asset value per share, the company revised its per share offering price for each class of shares. Effective August 4th, Class A, Class C, and Class I shares will be priced at $9.724, $9.078, and $8.932 each, respectively.

The board authorized cash distributions of $0.00166902 per share, per day (approximately $0.61 annually) for Class A and Class I shares and $0.00162648 per share, per day (approximately $0.59 annually) for Class C shares.

Greenbacker Renewable Energy Company LLC invests in income-producing renewable energy power plants, energy efficiency projects and other sustainable investments. Based in New York City, the company operates solar and wind facilities throughout the United States and Canada, and oversees a $100+ million portfolio of alternative energy assets.

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