Financial highlights
· Portfolio valuation as at 30 September 2022 of £890.2m (31 March 2022: £795.4m)
· The Net Asset Value ("NAV") as at 30 September 2022 of £829.6m, equating to a NAV per ordinary share of 125.4 pence as at 30 September 2022 (31 March 2022: 115.3 pence)
· Post the balance sheet date the UK government announced plans for its "Electricity Generator Levy" that reduces the NAV to £822.6 million which equates to a NAV per share of 124.4 pence. Further details on this post balance sheet event are provided below
· A second interim dividend of 1.79 pence per share declared for the financial year to 31 March 2023 taking total dividends declared for the six months to 30 September 2022 to 3.57 pence, in line with the target set out in the 2022 Annual Report. Cash dividend cover of 1.64 times on dividends paid during the period
· Share price total return for the period since IPO of 92.4% (8.0% annualised)
· Overall fund gearing as at 30 September 2022 was 25.5% and £98.6m undrawn on RCF
https://www.investegate.co.uk/jlen-envi ... 00096950H/
Ian.