City of London Investment Trust PLC Net Asset Value(s) (8724L)
January 15 2021 - 6:30AM
UK Regulatory
TIDMCTY
RNS Number : 8724L
City of London Investment Trust PLC
15 January 2021
Trust Name THE CITY OF LONDON INVESTMENT TRUST PLC
Legal Entity Identifier 213800F3NOTF47H6AO55
NAV Details As at close of business on 14 January 2021, the
unaudited net asset value per share calculated
in accordance with the AIC formula (including
current financial year revenue items) was 370.8p
and the net asset value per share with debt marked
at fair value was 364.7p
As at close of business on 14 January 2021, the
unaudited net asset value per share (excluding
current financial year revenue items) was 367.9p
and the net asset value per share with debt marked
at fair value was 361.7p.
Debt marked at fair value is the Company's estimate
of the "fair value" of its senior secured notes.
The current estimated fair value of the Company's
senior secured notes is based on a discount rate
calculated using the redemption yield of the
relevant existing UK Gilt plus a credit spread
determined by the difference in redemption yields
between the ICE BofAML 5-10 Year A Sterling Non-Gilt
Index and the ICE BofAML 5-10 Year UK Gilt Index
for the 4.53% senior secured 2029 notes, and
the spread between the redemption yield of the
ICE BofAML 15+ Year A Sterling Non-Gilt Index
and the ICE BofAML 15+ Year UK Gilt Index for
the 2.94% senior secured 2049 notes. The discount
rate is calculated and updated at each month-end
and applied daily to determine the Company's
published fair value NAVs.
For further information, Wendy King
please call: Janus Henderson Investors
Telephone: 020 7818 4233
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NAVFELFFFFLLBBZ
(END) Dow Jones Newswires
January 15, 2021 06:30 ET (11:30 GMT)
City Of London Investment (LSE:CTY)
Historical Stock Chart
From Apr 2024 to May 2024
City Of London Investment (LSE:CTY)
Historical Stock Chart
From May 2023 to May 2024