Blackstone/GSO Loan Financing's net asset value per euro share rose to €1.0168 in the six months to the end of June from €0.9839 at the end of December.
Chairman Charlotte Valeur said: "It was disappointing that the shares traded at a discount to NAV of up to -14.89% in the period. The board is committed to take action to improve the discount and initiated a share buy-back programme, which in part improved the discount to NAV to -7.68% (as at 30 June 2016) and 0.15% was accretive to the NAV from the share buyback.
" We continue to monitor the discount closely and following our announcement of an increased dividend we have seen the discount narrow further to -1.79% as at 22 September 2016."
At 3:37pm: (LON:BGLF) Blackstone Gso Loan Financing share price was -0p at 0.98p