CleanDesign Income Corp. Declares its First Dividend

 

Dear Shareholder,

We are pleased to report that the Board of Directors of CleanDesign Income Corp. (CleanDesign) has declared a quarterly cash dividend of $0.01 per common share, representing a portion of the initial cash flow from the first three hybrid energy management units (“hEMS”) purchased by CleanDesign in mid-Q2 of 2021. In the fourth quarter, we are planning to increase the dividend payable to shareholders to $0.02025 per common share, which would be in line with the added income that we expect CleanDesign to generate during such quarter.

CleanDesign’s first dividend payment since its restructuring will be made on November 30, 2021, to shareholders of record as of the close of business on September 30, 2021.

We have provided notice to proceed and anticipate closing the purchase of one more hEMS with Nabors Industries for Coterra Energy, in the coming weeks. Our customer base currently includes EQT and through exclusivity agreements with Nabors Industries, Chevron and Conoco Phillips.

At CleanDesign, we recognize that extraordinary opportunity demands extraordinary ambition, and our team is working tirelessly to make our ambition for a cleaner planet a reality!

Sincerely,

Mark Lerohl

Chief Executive Officer