The US Solar fund has pulled back on its plans to sell the trust, after a lengthy strategic review process and one rejected proposal.
In a stock exchange update today (12 May), the trust said it had received one offer to purchase all shares of the trust "at a significant discount" to its NAV, which it had unanimously rejected. In October last year, the trust said it would be undertaking a strategic review, due primarily to "structural challenges in the US solar sector", as well as its widening discount to NAV. The trust currently trades at a discount of 17%, according to data from the Association of Investment Companies. Sustainable funds attract £1.5bn more than conventional rivals in Q1 The review included a...
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