(via NewsDirect)
The
The fund, focusing solely on
Armstrong highlighted the fund's defensive capital structure and a proprietary pipeline of approximately 1.5 gigawatts of solar developments expected to come online in the coming years as key drivers of value and sustainability. This approach has contributed to BSIF being the highest-performing fund of its kind listed in
A strategic partnership with
BSIF has laid out capital allocation priorities focusing on reducing the Revolving Credit Facility (RCF), maintaining business momentum, and addressing the discount to NAV through measures such as a £20 million share buyback program initiated on 14 February. Although the share buyback is not expected to significantly alter the share price in the short term, it represents a prudent allocation of capital.
Looking forward to the second half of the year, BSIF does not anticipate making acquisitions due to market conditions. The focus will be on progressing the strategic partnership with GLIL, optimizing portfolio performance, and managing the discount to NAV through continued share buybacks.
Contact Details
+44 20 7989 0813
uk@proactiveinvestors.com
Copyright (c) 2024 TheNewswire - All rights reserved.
Copyright (c) 2024 TheNewswire - All rights reserved., source