Ecofin US Renewables Infrastructure trust (RNEW) has embarked on a strategic review to potentially wind up due to the company’s widening discount.
The trust currently sits on a 31.6% discount after its share price has dropped 26.2% over the last year, compared to a 0.3% drop in net asset value, according to data from the Association of Investment Companies. RM Infrastructure Income proposes managed wind-down as Gravis trust merger scrapped While the US renewable energy sector offers "expanding opportunities for stable investment and growth", the board said it was "conscious of the challenges the company faces as a UK investment trust, including size and liquidity". In a stock exchange notice today (8 September), RNEW's bo...
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