Law Debenture Corp PLC Net Asset Value and Portfolio Update (6387H)
August 02 2019 - 2:01AM
UK Regulatory
TIDMLWDB
RNS Number : 6387H
Law Debenture Corp PLC
02 August 2019
Net Asset Value
The Law Debenture Corporation p.l.c. announces that its Net
Asset Value ("NAV") with borrowings at par and including fair value
of IPS business on 31 July 2019 was 677.44 pence per share (ex
income) and 694.68 pence per share (cum income), which includes the
proposed 2019 interim dividend of 6.6p. With the Corporation's long
term debt stated at fair value, the NAV was 646.28 pence per share
(ex income) and 663.52 pence per share (cum income). The mid-market
price at the close of business on 31 July 2019 was 598.00 pence per
share. The interim dividend will be paid on 6 September 2019 to
holders on the register at the record date of 9 August 2019.
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 July 2019 are set out
below.
Top 10 Holdings
The top 10 holdings in the investment portfolio as at 31 July
2019 were:
Name of Holding % of portfolio
Rank (excl. cash)
1. Royal Dutch Shell 4.20
2. GlaxoSmithKline 3.30
3. Rio Tinto 2.28
4. BP 2.26
5. HSBC 2.24
6. Prudential 2.05
7. Johnson Service 1.96
8. Relx 1.89
9. Rolls Royce 1.84
10. Stewart Investors Pacific 1.68
Geographical Split of investment portfolio
% of portfolio
Region
UK 70
Europe 7
North America 8
Japan 1
Other Pacific 4
Other 1
Cash and Fixed Interest 9
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).
The Law Debenture Corporation p.l.c. LEI number -
2138006E39QX7XV6PP21
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Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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