Harmony Energy Income taps JLL to solicit offers for partial or full asset sale

Dividend policy revised

Harmony Energy Income (HEIT) has appointed JLL to solicit offers for some or all of its assets, with proceeds from any sales set to be used to pay down debt and potentially fund buybacks.

In a stock exchange notice today (30 May), HEIT said it had received informal expressions of interest from numerous third parties, but noted that any decision to divest the entire portfolio would be conditional on attractive pricing and shareholder approval. If the process results in the sale of one or more assets, but not the entire portfolio, the proceeds would be applied, at least partly, to reduce gearing, the board said.  Harmony Energy Income suffers near 10% NAV drop in three months However, the board will also consider buying back shares if the trust's discount to NAV persi...