US Solar Fund eyes share buybacks as NAV falls 20% over 2023

Debt refinancing

James Baxter-Derrington
clock • 2 min read

US Solar Fund is set to reveal the outcome of a range of potential solutions to bolster the company’s cash flow and return capital to shareholders, as the audited net asset value of the trust fell roughly 20% over the course of 2023.

Writing in the firm's full year results, US Solar Fund chair Gill Nott said the trust remains "optimistic about the outlook performance", adding that the board continues to analyse options to return capital to shareholders, including a buyback programme. Additionally, the board is weighing options to optimise the trust's capital structure and improve its operational cash flows, including through a debt refinancing. US Solar Fund appoints manager after shareholders pass new investment policy She confirmed the outcome of this analysis would be revealed by the end of April. Looking...

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