Us Solar Fund Plc (GB:USF) has released an update.
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US Solar Fund Plc has announced a Tender Offer to return capital to shareholders at the price of $0.764 per share, reflecting the NAV from 31 December 2023 minus 2% for costs. A Circular detailing the offer and a General Meeting for shareholder approval has been published, with the meeting to be held on May 21, 2024. The offer follows a series of announcements exploring capital return options, aligning with the company’s strategy to provide sustainable dividends and capital growth through solar power asset operations.
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