The Victory Hill Global Sustainable Energy Opportunities trust boasted a reasonably strong six months to June 2022, with NAV up 8.8%, despite missing its fund raising targets.
The trust recently fell short of a £150m fundraise target, raising gross proceeds of £122m after it opened an offer for subscription on 9 June. It said at the time it may have increased the target to £289m if all went well, though inflation and continuous market volatility held back its capital raising activities. But the latest interim report revealed that since the trust's February 2021 IPO, the NAV total return was 18%, including dividend payments, up to 30 June. Are NAV increases on renewable infrastructure trusts here to stay? The trust's chair Bernard Bulkin said that the ...
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