Gore Street Energy Storage Fund to seek investment policy overhaul at AGM

More opportunities outside UK

Lauren Mason
clock • 2 min read
The trust’s board is also looking to tweak its dividend policy, which currently gives shareholders 7% of the company’s net asset value
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The trust’s board is also looking to tweak its dividend policy, which currently gives shareholders 7% of the company’s net asset value

The Gore Street Energy Storage Fund investment trust is looking to adapt its investment policy, issue new shares and update its dividend policy ahead of its annual general meeting on 11 April.

In the meeting, the trust's board will outline details of its proposed new 12-month initial issue and share issuance programme, in which it is looking to offer up to 750 million new ordinary and C shares to investors. The new ordinary shares will be issued "at a price not less than the net asset value per ordinary share" plus a premium to cover expenses, while C shares will be issued at 100p per unit. The board is looking to raise additional funds to take advantage of its new proposed investment policy, which could see the trust invest in a greater percentage of opportunities outside the...

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