Net Asset Value and Dividend

RNS Number : 5003B

JLEN Environmental Assets Group Ltd

14 February 2022

 

14 February 2022

JLEN ENVIRONMENTAL ASSETS GROUP LIMITED

("JLEN" or the "Company")

Net Asset Value and Dividend announcement

JLEN, the listed environmental infrastructure fund, announces its unaudited Net Asset Value ("NAV") as at 31 December 2021 and interim dividend for the quarter ended on that date.

The Company's unaudited NAV as at 31 December 2021 was £605.6 million or 100.7 pence per share, an increase of 2.3 pence per share since 30 September 2021.  The continued increase from September is due to a further upward revision of power price assumptions, including reflecting actual fixed price arrangements.

Dividend

The Company also announces a quarterly interim dividend of 1.70 pence per share for the quarter ended 31 December 2021, in line with the dividend target of 6.80p per share for the year to 31 March 2022, as set out in the 2021 Annual Report. The Company reiterates its expectation of meeting that target.

Dividend timetable

Ex-dividend date 3 March 2022

Record date 4 March 2022

Payment date 25 March 2022

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

For further information, please contact: 

Foresight Group Chris Tanner Chris Holmes	[phone]
Winterflood Investment Trusts  Neil Langford Chris Mills	[phone]
SEC Newgate Elisabeth Cowell	[phone]
Sanne Fund Services Matt Falla Gemma Woods	[phone]

About JLEN

JLEN's investment policy is to invest in a diversified portfolio of Environmental Infrastructure. Environmental Infrastructure is defined by the Company as infrastructure assets, projects and asset-backed businesses that utilise natural or waste resources or support more environmentally friendly approaches to economic activity, support the transition to a low carbon economy, or which mitigate the effects of climate change. Such investments will typically feature one or more of the following characteristics:

· long-term, predictable cash flows, which may be wholly or partially inflation-linked;

· long-term contracts or stable and well-proven regulatory and legal frameworks; or

· well-established technologies and demonstrable operational performance.

JLEN's aim is to provide investors with a sustainable, progressive dividend per share, paid quarterly and to preserve the capital value of the portfolio over the long term on a real basis. The target dividend for the year to 31 March 2022 is 6.80¹ pence per share.  The dividend is payable quarterly.

Further details of the Company can be found on its website www.jlen.com. 

 LEI: 213800JWJN54TFBMBI68

⁽¹⁾ These are targets only and not profit forecasts.  There can be no assurance that these targets will be met or that the Company will make any distributions at all.

 

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