SDCL Energy Efficiency Income trust has launched a £100m fundraise through a new shares issues at 113p to 117p, starting immediately.
This comes ahead of a deal to purchase United Utilities Renewable Energy for £100m, which the firm said it anticipated would complete shortly. The trust is run by Jonathan Maxwell and currently has an AUM of £1.1bn and is running at a 7.9% premium, according to the AIC. Alongside this fundraise, the trust is also releasing new ordinary shares on REX platform to provide retail investors with access to the product. In the statement, the board said the maximum aggregate size of the retail offer will be capped at the sterling equivalent of €8m. Energy rationing: The 'winners' from f...
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