Aquila European Renewables Income Fund is planning to raise €100m by issuing new shares to fund new investments.
The London-listed investment company said the additional funds raised from the proposed issuance of equity will be deployed in line with the company’s investment policy.
Aquila European Renewables Income Fund listed in June 2019. From the date of its initial public offering to 30 June 2021, the company has deployed or committed €327m in capital and delivered a total net asset value return per share of 8.3% and a total shareholder return of 17.8%.
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