Us Solar Fund Plc (GB:USF) has released an update.
US Solar Fund Plc has announced a fixed-price tender offer to shareholders at $0.764 per share with a maximum return limit of $19 million, alongside a reduced interim 2024 dividend target to $0.0225/share, down from $0.0566/share in 2023. In efforts to improve operational cash dividend coverage and financial returns, the company is also exploring refinancing options through US private debt markets, aiming to conclude the process by Q4 2024. This refinancing could potentially increase capital available for return to shareholders and enhance operational cash dividend coverage for 2025.
For further insights into GB:USF stock, check out TipRanks’ Stock Analysis page.
