A new investment trust, Atrato Onsite Energy, is looking to raise £150m in an IPO which it will invest in ‘behind-the-meter’ solar photovoltaic generation systems and infrastructure.
The trust, which will be managed by Atrato Capital, the managers of the Supermarket Income REIT, is thought to be the first trust with an all female board. Atrato Onsite Energy is targeting an annualised dividend of 5 pence per share for the first and second financial years following the IPO and will seek to grow the dividend progressively thereafter. It will target an annual total return of 8-10% in the first financial year following the IPO and over the medium term. Where next in the drive for investment trust board diversity? Juliet Davenport OBE, chair of Atrato Onsite Ene...
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