Triple Point Energy Efficiency Infrastructure Company PLC (GB:TENT) has released an update.
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Triple Point Energy Transition plc (TENT) has reported a year of challenging market conditions with a decline in NAV from £99.4 million to £86.7 million and a total NAV return of negative 7.3%. Amidst these conditions and shareholder feedback, TENT has initiated an orderly wind-down, having already realised 52.2% of its Gross Asset Value by selling key assets. Despite the market downturn, the company managed to maintain its dividend at 5.50 pence per share, with a 1.04x cash dividend cover ratio.
For further insights into GB:TENT stock, check out TipRanks’ Stock Analysis page.
