Law Debenture Corp PLC Net Asset Value (3117P)
June 09 2020 - 2:00AM
UK Regulatory
TIDMLWDB
RNS Number : 3117P
Law Debenture Corp PLC
09 June 2020
The Law Debenture Corporation p.l.c.
Net Asset Value as at 5 June 2020
The Law Debenture Corporation p.l.c. announces that its Net
Asset Value ("NAV") with borrowings at par and including the fair
value of IPS business(1) on 5 June 2020 was 626.29 pence per share
(cum income). With the Corporation's long term debt stated at fair
value, the NAV was 589.92 pence per share (cum income). The
mid-market price at the close of business on 5 June 2020 was 536.00
pence per share.
Net Asset Value Excluding Income (pence) Including Income (pence)
NAV with debt at par 617.42 626.29
------------------------ ------------------------
NAV with debt at fair value 581.05 589.92
------------------------ ------------------------
Performance
YTD 1 year 3 years 5 years 10 years
% % % % %
NAV total return (with debt at par) (2) -11.5 -5.2 3.8 31.5 159.5
------------------------------------------------ ----- ------ ------- ------- --------
NAV total return (with debt at fair value) (2) -12.7 -6.7 2.1 26.6 146.2
------------------------------------------------ ----- ------ ------- ------- --------
FTSE Actuaries All-Share Index Total Return (3) -13.3 -8.5 0.3 21.1 101.7
------------------------------------------------ ----- ------ ------- ------- --------
Share price total return (3) -14.5 -5.1 4.5 24.8 170.2
------------------------------------------------ ----- ------ ------- ------- --------
Change in Retail Price Index (4) 0.2 1.5 8.1 13.4 31.3
------------------------------------------------ ----- ------ ------- ------- --------
(1) The fair value of the IPS business has been calculated as at
31 December 2019 and was published as part of the year end results
announcement on 27 February 2020.
(2) NAV is calculated in accordance with the Association of
Investment Companies (AIC) methodology, based on performance data
held by Law Debenture including fair value of IPS business and
long-term borrowings. NAV is shown with debt measured at par and
with debt measured at fair value.
(3) Source: Thomson Reuters.
(4) Source: Bloomberg, subject to the latest published RPI data
based on April 2020.
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.
Released by The Law Debenture Corporation p.l.c., Fifth Floor,
100 Wood Street, London, EC2V 7EX (contact Debbie Fish, Company
Secretariat, 020 7696 5940).
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
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.
END
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