Solar powered investment trust with all female board eyes £150m IPO

Aims to close IPO at end of November

Kathleen Gallagher
clock • 1 min read
Investment trust to focus on solar panels
Image:

Investment trust to focus on solar panels

A new investment trust, Atrato Onsite Energy, is looking to raise £150m in an IPO which it will invest in ‘behind-the-meter’ solar photovoltaic generation systems and infrastructure.

The trust, which will be managed by Atrato Capital, the managers of the Supermarket Income REIT, is thought to be the first trust with an all female board. Atrato Onsite Energy is targeting an annualised dividend of 5 pence per share for the first and second financial years following the IPO and will seek to grow the dividend progressively thereafter. It will target an annual total return of 8-10% in the first financial year following the IPO and over the medium term. Where next in the drive for investment trust board diversity? Juliet Davenport OBE, chair of Atrato Onsite Ene...

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
member?

Login

Trustpilot