US Solar Fund trust raises $132m in oversubscribed share issue

Initially sought $105m fundraise

Lauren Mason
clock • 2 min read
The trust initially looked to raise $105m via a 12-month placing programme
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The trust initially looked to raise $105m via a 12-month placing programme

The US Solar Fund (USF) investment trust's first share issuance following its IPO in 2019 has been oversubscribed, according to its board, who have now increased the size of its initial issue to $132m.

This comes following an announcement on 13 April that it would look to raise $105m via a 12-month placing programme, through which it would offer new ordinary shares to investors. Following the increase...

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