US Solar Fund (GB:USF) has released an update.
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US Solar Fund PLC announced its interim results for the first half of 2024, noting a Net Asset Value decrease of 20% due to a tender offer returning $18.6 million to shareholders. Despite underperforming in total generation by 6.8% against the budget, USF maintains a focus on portfolio optimization and proposed refinancing to maximize shareholder value. A dividend of 0.56 cents per share for Q2 2024 will be paid in October, aligning with the company’s revised annual target.
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