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US Solar Fund details terms of $19m tender offer
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According to the terms of the tender offer, shareholders will be able to tender up to 7.3% of the shares under their names on the register, with the option to go for additional shares if others tender less than their basic entitlement. The tender price represents a premium of 63% to the closing market price per share of $0.47 on 2 May, according to USF's data. It allows for the purchase of up to 24.35 million shares at a price of $0.764 per share. This is equivalent to a $0.78 NAV per share, as of 31 December 2023. US Solar Fund confirms $19m tender offer and eyes US private debt...
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