JLEN Environmental Assets faces potential continuation vote as discount persists

Discount management policy

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...