Us Solar Fund Share News (USFP)

IN BRIEF: US Solar Fund declares dividend on target despite value dip

US Solar Fund PLC - investment company focused on solar power assets in North America - Declares dividend of 1.29 cents per share for first quarter, down 15% from 1.52 cents for the fourth quarter. Net asset value at March 31 was USD0.958 per share, down from USD0.963 per share at December 31. Company expects to declare "modestly lower" dividend in the second quarter followed by slightly higher dividends in the third and fourth. It says quarterly dividend is in line with annual dividend target of 5.66 cents per share, up 1.5% from 5.58 cents in 2022. Expects to have sufficient cash to cover the increased annual dividend, thanks in part to selling its 50% stake in the 200 megawatt Mount Signal 2 asset to MN8 Energy LLC for USD52.2 million in late April.

UK shareholder meetings calendar - next 7 days

LONDON MARKET MIDDAY: FTSE 100 outperforms as Beazley, GSK shine

(Alliance News) - Stock prices in London were mixed at midday on Friday as investors digested a weak GDP reading for the UK, a day after the Bank of England took the country's interest rates up to a 15-year-high.

SMALL-CAP WINNERS & LOSERS: TClarke extends gain; Eurocell slumps

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

US Solar Fund terminates formal sales process, cites no adequate offer

(Alliance News) - US Solar Fund PLC on Friday said it terminated the formal sales process as it received no offer it deemed suitable.

IN BRIEF: US Solar Fund sells 50% stake in Mount Signal 2

US Solar Fund PLC - investment company focusing on owning and operating solar power assets in North America - Signs binding agreement to sell its 50% interest in 200 megawatt Mount Signal 2 asset to MN8 Energy LLC. Says MN8 is a renewable energy business formerly known as Goldman Sachs Renewable Power LLC. The option gives MN8 the right to acquire a 50% stake in the Mount Signal 2 asset for USD52.2 million plus a non-refundable option fee of USD1 million.

US Solar Fund annual net asset value drops; dividend up

(Alliance News ) - US Solar Fund PLC on Monday said its annual net asset value dropped marginally as its dividend increased by 1.5%.

US Solar Fund NAV increase offset by US tax loss; production down

(Alliance News) - US Solar Fund PLC on Thursday said net asset value dropped marginally, as production fell 40% in the fourth quarter.

US Solar Fund says MN8 exercises option for stake in Mount Signal 2

(Alliance News) - US Solar Fund PLC on Monday said that renewable energy business MN8 Energy PLC has exercised its option for a 50% interest in US Solar Fund's Mount Signal 2 asset.

US Solar Fund NAV rises softly in quarter amid working capital rise

(Alliance News) - US Solar Fund PLC on Monday said its net asset value increased in the third quarter of 2022, due to an increase in working capital and cash balances.

TRADING UPDATES: IQE, Trellus Health and Insig sign new agreements

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

TRADING UPDATES: Umuthi Healthcare loss widens; Ramsdens profit surges

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

EARNINGS SUMMARY: Steppe profits via pricing; Gulf Marine profit soars

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

IN BRIEF: US Solar Fund agrees option for MS2 for USD53 million

US Solar Fund PLC - owns and operates solar power assets in North America - Sells a purchase option for a 50% interest in its 200 megawatt DC Mount Signal 2 to MN8 Energy LLC for a non-refundable option fee of USD1 million and an additional USD52.2 million excluding working capital. Believes this is an "attractive" opportunity to realise the value in its MS2 investment.

IN BRIEF: US Solar Fund ups interest in Mount Signal 2 solar plant

US Solar Fund PLC - owns and operates solar power assets in North America - Closes on its option to acquire a further 25% interest in the 200 megawatt Mount Signal 2, a solar plant in Imperial Valley, California. This takes the company's total ownership of the asset to 50%. Its portfolio now comprises of 42 fully operational assets with a combined capacity of 543 megawatts across five states in the US.