Unaudited NAV per share of 129.07p as of 31 December 2023, resulted in a 17.01p or 11.64% reduction in NAV per share since 30 September 2023, reflecting significantly more cautious revenue assumptions adopted for the next 3 years.
· As capital allocation is focused on cash preservation and debt reduction and given the challenging recent revenue environment, the Board does not currently expect to pay any dividends or carry out further share buybacks in 2024.
John Leggate CBE, Chair, Gresham House Energy Storage Fund plc
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Although a very decent discount to NAV, as previously flagged, not
a Trust for this portfolio.
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