QuotedData’s morning briefing 3 May 2023 – USF, BBOX/UKCM

In QuotedData’s morning briefing 3 May 2023:

• US Solar Fund (USF) has published a circular with details of the tender it announced on 24 April 2024 which it is proposing to use as a means of returning capital to shareholders. The proposed tender price of $0.764 per share is equivalent to the 31 December 2023 NAV of $0.78 per share, less 2% for the costs of administering the tender offer. The circular sets out the background to and details of the tender offer and includes a notice of a general meeting, which is required for the tender offer to proceed. The meeting, which is to be held at 2.50 p.m. on 21 May 2024 (at The Scalpel, 18th Floor, 52 Lime Street, London EC3M 7AF) will be to approve the special resolution allowing the tender offer to become unconditional. To become effective, the resolution requires approval from shareholders representing at least 75% of USF’s voting rights. 
• Shareholders of both Tritax Big Box REIT (BBOX) and UK Commercial Property REIT (UKCM) voted overwhelmingly in favour of the merger of the two companies. The merger is expected to become effective on or around 16 May 2024.

We also have:

• BioPharma Credit’s new senior loan agreement with Novocure.
• Annual results for Weiss Korea Opportunity Fund.