Triple Point Energy Transition proposes orderly wind-up

Persistent discount to NAV

Triple Point Energy Transition (TENT) has proposed an orderly wind-up of the trust, following a “comprehensive review” of its options and prospects.

In a stock exchange notice today (13 December), the trust said the decision had drawn on independent financial advice and shareholder feedback to determine its future strategic direction.  The board said that despite making "significant progress" in achieving the goals set in its October 2020 launch, external macroeconomic challenges, coupled with sub-optimal liquidity, have led its shares to consistently trade below net asset value since January 2022.  This persistent discount has hampered the trust's ability to raise capital and capitalise on the advantages of increased scale, it sa...