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
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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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