JLEN Environmental Assets faces potential continuation vote as discount persists

Discount management policy

Elliot Gulliver-Needham
clock • 1 min read

JLEN Environmental Assets Group may face a potential continuation vote at its next annual general meeting, as the trust has been plagued by a persistent discount.

When the trust launched, its board pledged that if its shares trades at an average discount of 10% or more over the course of a financial year, it will put forward a continuation vote. Fidelity Emerging Markets launches tender offer for up to 15% of share capital In the trust's interim results this week (27 November), it revealed the average discount at which the shares have traded in the current financial year to date has been approximately 13%. It is currently sitting at a discount of 20.1%, according to data from the Association of Investment Companies. "The board is actively...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot