US Solar Fund trust targets $105m secondary fundraise to target acquisitions and finance debt

Targeting dividend yield of 5.5%

Mike Sheen
clock • 3 min read
USF expects to fund two major solar power projects with the proceeds of the deal

USF expects to fund two major solar power projects with the proceeds of the deal

The US Solar Fund (USF) investment trust has launched a secondary fundraise in efforts to raise up to $105m over the next 12 months, with proceeds expected to reduce borrowing costs and fund two transactions targeted in its investment pipeline.

In a note to investors this morning (13 April), USF's board announced the launch of a 12-month placing programme, including an initial placing, offer for subscription and intermediaries offer of new ordinary...

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