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

Targeting dividend yield of 5.5%

Mike Sheen
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...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Investment Trusts

The Chancellor speaks at the Global Investment Summit on 18 October

UK raises £6bn for green projects in second green gilt

Treasury claims issuance puts UK in top three national issuers of green bonds worldwide, with £16bn raised so far

Cecilia Keating
clock 22 October 2021 • 2 min read
The Aegon Global Sustainable Sovereign Bond fund will be managed by government bond specialists within Aegon AM’s global fixed income platform

Aegon launches Global Sustainable Sovereign Bond fund at COP26

Strategy will be seeded with £100m from Aegon UK workplace pension fund

Pedro Gonçalves
clock 22 October 2021 • 2 min read
Thomas Coughlin of Kinesis Money

Fool me twice: The lessons we are yet to learn in the 100 years since Weimar hyperinflation

Need to recognise inherent flaws in current system

Thomas Coughlin
clock 22 October 2021 • 3 min read