NEW YORK--(BUSINESS WIRE)--Greenbacker Renewable Energy Company LLC (the “Company”) announced today that its Board of Directors approved the December 31, 2017 net asset value per share for Class A and I shares of common stock of $8.68, respectively, an increase of $0.04 per share from the prior quarter-end’s valuation. In addition, the Board of Directors approved the December 31, 2017 net asset value per share for Class C shares of common stock of $8.42, which was consistent with the prior quarter. Due to the changes in net asset value per share, the Company revised the per share offering price for certain classes of shares, effective February 6, 2018, to the following - $9.780 per Class A share, and $8.984 per Class I share while maintaining the $9.089 offering price per Class C share.
The Company’s Board of Directors also authorized cash distributions payable on March 1, 2018, April 2, 2018 and May 1, 2018 to shareholders of record as of February 28, 2018, March 30, 2018, and April 30, 2018, respectively, of $0.00166902 per share, per day for Class A and I shares and $0.00162648 per share, per day for Class C shares, in each case to maintain the current annual distribution rates.
About Greenbacker Renewable Energy Company
Greenbacker Renewable Energy Company is a publicly registered, non-traded limited liability company that owns and operates a diversified portfolio of income-producing renewable energy power plants, energy efficiency projects and other sustainable investments.
This 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.