Law Debenture Corp PLC Net Asset Value(s) (9409Y)
September 14 2020 - 10:41AM
UK Regulatory
TIDMLWDB
RNS Number : 9409Y
Law Debenture Corp PLC
14 September 2020
The Law Debenture Corporation p.l.c.
Net Asset Value as at 11 September 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 11 September 2020 was 589.21 pence per
share (cum income). With the Corporation's long term debt stated at
fair value, the NAV was 547.64 pence per share (cum income). The
mid-market price at the close of business on 11 September 2020 was
502.00 pence per share.
Net Asset Value Excluding Income (pence) Including Income (pence)
NAV with debt at par 580.01 589.21
------------------------ ------------------------
NAV with debt at fair value 538.44 547.64
------------------------ ------------------------
Performance
YTD 1 year 3 years 5 years 10 years
% % % % %
NAV total return (with debt at par) (2) -15.8 -10.4 -3.4 31.5 122.6
------------------------------------------------ ----- ------ ------- ------- --------
NAV total return (with debt at fair value) (2) -18.0 -12.2 -6.5 25.0 108.7
------------------------------------------------ ----- ------ ------- ------- --------
FTSE Actuaries All-Share Index Total Return (3) -17.9 -14.5 -7.0 21.6 68.0
------------------------------------------------ ----- ------ ------- ------- --------
Share price total return (3) -13.0 -4.1 2.2 29.6 138.6
------------------------------------------------ ----- ------ ------- ------- --------
Change in Retail Price Index (4) 0.8 1.6 7.8 13.8 31.6
------------------------------------------------ ----- ------ ------- ------- --------
(1) The fair value of the IPS business has been calculated as at
30 June 2020 and was published as part of the interim results
announcement on 31 July 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: Refinitiv.
(4) Source: Bloomberg, subject to latest published RPI; July
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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END
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