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NextEnergy Solar Fund board urges shareholders to back continuation vote amid 38% NAV discount

By

James Crux

15d ago· 3 min readenNews
financebusiness

Summary

NextEnergy Solar Fund (NESF) is facing its third continuation vote in three years at the upcoming AGM. The board is urging shareholders to vote for continuation, warning that discontinuation would force a sale of assets that would be 'value-destructive' in the current market. Chairman Tony Quinlan is taking 'decisive action' to address the 38% share price discount to net asset value (NAV) that the trust is currently experiencing.

Source

bskyNextEnergy Solar Fund board urges shareholders to back continuation vote amid 38% NAV discountsharesify.com

Key quotes

· 4 pulled
Shareholders in NextEnergy Solar Fund (LON:NESF) are being urged to vote for the trust's continuation at August's AGM.
The upcoming continuation vote will be the solar energy and energy storage investor's third in just three years.
Chairman Tony Quinlan warned discontinuation would involve a forced sale of assets.
He said this process would likely be 'value-destructive in the current market and would not be in shareholders' best interests'.
Snippet from the RSS feed
NextEnergy Solar Fund sees brighter days ahead as shareholders are urged to support the trust’s continuation at the AGM.

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