In QuotedData’s morning briefing 18 October 2024:

• Harmony Energy Income Trust (HEIT) has issued a brief update on its asset sale process. As previously announced, JLL has been appointed to seek offers for some or all of the Company’s assets and HEIT now says that it “is encouraged by the level of interest and non-binding offers received from various parties, relating to both individual assets as well as the full portfolio. A selected number of parties have been invited to proceed to the second phase of the process, with negotiations expected to conclude by the end of 2024”.
• Following its first compulsory redemption on 10 June 2024, which saw the redemption of approximately 37.5% of its ordinary shares in issue at the time, GCP Asset Backed Income (GABI) says that it plans to make a second capital distribution using the same mechanism (a compulsory partial redemption of shares). It expects this to occur by the end of November 2024 and that it will total at least £45m (after expenses). It is able to do this following the repayment of certain loans. The redemption will be conducted at a price equal to GABI’s latest NAV per share – this being the net asset value per ordinary share at 30 June 2024 of 90.92p, less dividends declared between the date of this announcement and the record date of the redemption (GABI expects to declare its third quarter 2024 dividend prior to the record date for the redemption). A further announcement will be made on the precise size, price and timing of the redemption and GABI expects to be able to do this shortly. GABI says that it remains on track in respect of its realisation plan, published on 4 July 2024, although some quarter-on-quarter deviations can be expected, arising from timing differences associated with the accelerated pace of the strategy.

We also have:

Gore Street Energy Storage’s Big Rock secures 12-year RA contract