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The latest announcement is out from Ecofin U.S. Renewables Infrastructure Trust Plc ( (GB:RNEW) ).
Ecofin U.S. Renewables Infrastructure Trust Plc has announced a shift to self-management as it continues its wind-down process, following the termination of its agreement with Ecofin Advisors, LLC. The company has applied for FCA approval to become a self-managed alternative investment fund and has appointed Sustainability Partners Services, LLC to provide operational support. This transition includes the appointment of Nancy Johnson as CFO at Sustainability Partners, ensuring continuity in asset management. The strategic move aims to streamline operations and maintain focus on realizing assets to return cash to shareholders.
More about Ecofin U.S. Renewables Infrastructure Trust Plc
Ecofin U.S. Renewables Infrastructure Trust Plc operates in the renewable energy sector, focusing on managing and investing in infrastructure assets related to sustainable energy. The company is involved in the management of wind-down processes for its assets, with a market focus on realizing and returning cash to shareholders.
YTD Price Performance: -25.93%
Technical Sentiment Signal: Buy
Current Market Cap: €31.54M
See more insights into RNEW stock on TipRanks’ Stock Analysis page.