The US Solar Fund will be undertaking a strategic review that could include the sale of the share capital of the trust in light of a sustained double-digit discount and “structural challenges” in the US solar sector.
In a statement released this morning (17 October), the trust said the challenges the company continues to face have pushed the board to consider "all potential strategic options to maximise shareholder value". "Since IPO, US Solar Fund has successfully executed its strategy of delivering a sustainable dividend for shareholders," the statement read. "However, structural challenges in the US solar sector alongside a recent sustained discount of the share price to its net asset value have impeded the company's ability to grow its asset base." Ecofin US Renewables lead managers resig...
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