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Foresight Solar: Nearly 12% yield on a fully covered dividend — but at a discount
Episode 14296
Published 1 month, 2 weeks ago
Description
Foresight Solar Fund Ltd (LSE:FSFL, FRA:1F5) fund manager Toby Virno tells Proactive's Stephen Gunnion that shareholders will vote at the AGM on 3 June on whether the company should continue in its current form, following a persistent share price discount to NAV of more than 10% during 2025.
Virno is direct about the attraction for investors: "Based on the latest share price, FSFL is currently yielding close to 12% on a dividend that's expected to be fully covered this year."
The strategy to close the discount centres on portfolio renewal — selective divestments and reinvestment into UK Contracts for Difference assets with long-term contracted revenues — alongside potential private market partnerships to accelerate activity. Q1 NAV held steady at 99.2 pence per share despite weaker seasonal generation and lower-than-expected radiation levels.
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