20th Sep 2019 13:22
(Alliance News) - US Solar Fund PLC declared a dividend on Friday and posted its maiden interim result, showing shares traded at a slight premium to net asset value at the end of June.
The solar power asset investor's NAV per share on June 30 was USD0.98, with the stock trading at USD1.025 on that date, a 4.6% premium. Throughout the interim period, which spans from the fund's April 16 initial public offering to the end of June, shares traded at between USD1.025 and USD1.035 per share.
Shares in US Solar Fund were untraded at USD1.01 on Friday in London, at 3.1% premium to the June 30 NAV.
US Solar Fund's dividend for the period has been declared at 0.41 US cents per share.
Chair Gill Nott said: "We are pleased with USF's strong start after listing. The investment manager has quickly demonstrated its ability to execute on the robust pipeline disclosed at IPO with the recent announcements of exclusivity and the closing of USF's first acquisition. Recent industry data showing the strongest Q1 in the history of US utility-scale solar reinforces to us that the US remains a growing market opportunity with supportive industry dynamics."
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Us Solar Fund