While the company’s Q4 results for the period ending 31 March 2025, released today (15 May), showed the weighted average discount rate across the portfolio remained static at 8% – the same figure as Q3 and Q2 – according to data from the Association of Investment Companies, NESF is currently trading at a discount of 29.7%, up from 27% in June 2024.
The board launched a £20m share buyback programme in June 2024 to tackle the discount and NESF has since bought back shares worth £11.5m, as at 14 May 2025, including £3.4m over the fourth quarter.
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