In QuotedData’s morning briefing 23 December 2024:
- Ecofin US Renewables Infrastructure (RNEW) has published a circular in relation to its proposed conditional disposal of its investments in US distributed solar assets (DG portfolio – click here to read more on this) and its decision to pursue a managed wind-down of its business. Subject to shareholder approval, RNEW’s new investment policy is expected to become effective on 14 January 2025. The general meeting is being held in London on 14 January 2025.
- Following the publication on 6 December 2024 of its proposals to wind up, which included provisions for the payment of the entitlements of its preference shares (both capital and accrued interest) Keystone Positive Change (KPC) says that it intends, subject to shareholder approval, to suspend and then ultimately cancel its preference shares as set out in its proposals. The effective data for the transaction is 7 February 2025 (record data 6 February 2025) with cheques despatched on 17 February 2025.
- The board of Triple Point Social Housing REIT (SOHO) has outlined some of the new investment management arrangements with Atrato Capital, which will take on the role from Triple Point from 1 January. The company will change its name to Social Housing REIT. The management fee will be calculated on the basis of market capitalisation, which over the past 12 months would have saved the company £1.75m. The new manager would receive a 0.5% fee on any portfolio sales if the company elects to return such value to shareholders.The contract with Atrato may be terminated by the company on 12 months’ written notice at any time.
We also have:
Win for Aquila European Renewables in “The Rock” appraisal case
Majedie’s three core strategies added meaningfully to its total returns
