Law Debenture Corp PLC Net Asset Value and Portfolio Update (2227J)
April 01 2015 - 10:45AM
UK Regulatory
TIDMLWDB
RNS Number : 2227J
Law Debenture Corp PLC
01 April 2015
Net Asset Value
The Law Debenture Corporation p.l.c. announces that its Net
Asset Value ("NAV") with borrowings at par on 31 March 2015 was
499.70 pence per share (ex income) and 503.72 pence per share (cum
income), which excludes the proposed 2014 final dividend of 11.00p.
With the Corporation's long term debt stated at fair value, the NAV
was 487.39 pence per share (ex income) and 491.41 pence per share
(cum income). The mid-market price at the close of business on 31
March 2015 was 512.50 pence per share. The final dividend will be
paid, subject to shareholder approval, on 23 April 2015 to holders
on the register at the record date of 20 March 2015.
In accordance with listing rule 15.6.8, The Law Debenture
Corporation p.l.c. announces that it has no investments in other UK
listed investment companies that require to be disclosed. Its top
ten holdings, including all holdings with a value greater than 5%
of the Corporation's gross assets as at 31 March 2015 are set out
below
Top 10 Holdings
The top 10 holdings in the portfolio as at 31 March 2015
were:
Name of Holding % of portfolio
Rank (excl. cash)
1. Senior 2.96
2. Henderson Japan Capital Growth 2.78
3. GKN 2.57
4. BP 2.42
Henderson Asia Pacific Capital
5. Growth 2.38
6. Baillie Gifford Pacific 2.20
7. First State Asia Pacifc 2.02
8. Royal Dutch Shell 2.00
9. Amlin 1.96
10. Rio Tinto 1.87
Geographical Split
% of portfolio
Region
UK 69
Europe 6
North America 8
Japan 4
Other Pacific 6
Other 2
Cash and Fixed Interest 5
TOTAL 100
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Released by The Law Debenture Corporation p.l.c., Fifth Floor,
100 Wood Street, London, EC2V 7EX (contact Ian Bowden, Company
Secretariat, 020 7696 5285).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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