US EditionGore Street Energy cuts dividend as RM Funds requisitions the board of "subscale", poorly performing battery fund
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Gore Street Energy cuts dividend as RM Funds requisitions the board of "subscale", poorly performing battery fund
Shareholder discontent is rising at Gore Street Energy Storage (GSF) after the battery fund cut its dividend and was requisitioned by one of its long-term shareholders, RM Funds, to call a general meeting and overhaul its board with a view to seeking a merger. Shares in the £323m investment company tumbled 7% to 59p after the battery fund reset its dividend to 3p a year, or 0.75p a quarter, for the next two years with a review to determine the p…
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