SDCL Efficiency Income Trust Sells Energy Assets to Kyotherm

London-based SDCL Efficiency Income Trust (SEIT) has announced the sale of a diversified portfolio of energy efficiency infrastructure assets to Kyotherm for up to approximately £105 million. This move aligns with SEIT's strategy to reduce its gearing through asset sales. Following this transaction and anticipated project-level debt reductions, SEIT’s pro forma aggregate gearing is targeted to decrease to around 65% of NAV from 71.9% as of 30 September 2025.

The agreed sale price comes at about a 9% discount to the carrying value, impacting the NAV by an estimated 1.2 pence. Despite current market challenges, this discount is seen as relatively tight. The transaction is expected to finalize by mid-April 2026, with no changes planned for the company's target dividend of 6.36 pence for the current financial year.