Downing Renewables & Infrastructure Trust Plc Repurchases Shares to Bolster Stability

The latest announcement is out from Downing Renewables & Infrastructure Trust Plc ( (GB:DORE) ).

Downing Renewables & Infrastructure Trust Plc announced the repurchase of 30,000 of its own ordinary shares at an average price of 84.7333 pence per share, which will be held in treasury. This transaction affects the company’s voting rights, leaving 171,053,776 shares in circulation. The move aligns with the company’s strategy to stabilize revenues and enhance shareholder income consistency, reflecting its commitment to sustainable investment practices.

More about Downing Renewables & Infrastructure Trust Plc

Downing Renewables & Infrastructure Trust Plc (DORE) is a closed-end investment trust that focuses on providing investors with sustainable income and capital growth by investing in a diversified portfolio of renewable energy and infrastructure assets in the UK and Northern Europe. Recognized with the Green Economy Mark by the London Stock Exchange, DORE aims to accelerate the transition to net zero and contribute to climate change mitigation through its investments.

YTD Price Performance: 10.65%

Average Trading Volume: 262,017

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £145.8M

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