Solid performance over the reporting period
· Underlying Portfolio growth of 3.92% to £872.0 million, on a rebased Portfolio value of £839.1 million
· Underlying growth £0.9 million ahead of that expected from the unwind of the discount rate
· Completed acquisitions totaling £14.4 million in the period
· Net Asset Value ("NAV") of £875.8 million as at 30 June 2015
· NAV per share of 107.8 pence, down 1.4%, or down 0.2% excluding unrealised exchange rate movements
· Total Shareholder Return (including dividends paid) of 3.1% in the period
· Declared a dividend today of 3.375 pence per share, payable in October
· Profit before tax for the six month period of £14.5 million
· In August, secured a new £180 million revolving credit facility with a margin of 1.75% over LIBOR
Commenting on today's results, Paul Lester, Chairman of JLIF, said:
"We remain focused on delivering value for our shareholders through effective management of our diversified Portfolio. While the UK market remains competitive, prospects for JLIF are encouraging, and we look forward to building on our progress over the remainder of the year."
