Net Asset Value and Dividend Announcement

Net Asset Value

JLEN, the listed environmental infrastructure fund, announces that its unaudited Net Asset Value (“NAV”) at 30 June 2024 is £748.1 million (113.1 pence per share), a decrease of 0.5 pence per share since 31 March 2024 after paying the quarterly dividend of 1.89 pence per share.

Summary of changes in NAV:

The table below summarises the changes in NAV since 31 March 2024, with the main drivers being payment of the aforementioned dividend partially offset by an increase in near term power forecasts and reflection of actual asset performance and unwind of the discount rate.

NAV per share

NAV at 31 March 2024:             113.6p

Dividends paid in the period:   -1.9p

Power price forecasts:                 0.7p

Other movements
(including actual performance): 0.7p

NAV at 30 June 2024:               113.1p

Dividend

The Company also announces a quarterly interim dividend of 1.95 pence per share for the quarter ended 30 June 2024, in line with the dividend target of 7.80p per share for the year to 31 March 2025, as set out in the 2024 Annual Report.

Dividend timetable

Ex-dividend date: 5 September 2024

Record date: 6 September 2024

Payment date: 27 September 2024

This announcement contains information that is inside information for the purposes of the Market Abuse Regulation (EU) No. 596/2014.

Below is a short interview with Foresight, the investment managers for JLEN