Law Debenture Corp PLC Net Asset Value(s) (6233F)
November 17 2020 - 10:04AM
UK Regulatory
TIDMLWDB
RNS Number : 6233F
Law Debenture Corp PLC
17 November 2020
The Law Debenture Corporation p.l.c.
Net Asset Value as at 16 November 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 16 November 2020 was 647.66 pence per
share (cum income). With the Corporation's long term debt stated at
fair value, the NAV was 608.23 pence per share (cum income). The
mid-market price at the close of business on 16 November 2020 was
607.00 pence per share.
Net Asset Value Excluding Income (pence) Including Income (pence)
NAV with debt at par 640.58 647.66
------------------------ ------------------------
NAV with debt at fair value 601.14 608.23
------------------------ ------------------------
Performance
YTD 1 year 3 years 5 years 10 years
% % % % %
NAV total return (with debt at par) (2) -6.4 -1.5 7.1 40.4 142.8
------------------------------------------------ ----- ------ ------- ------- --------
NAV total return (with debt at fair value) (2) -7.8 -2.7 4.7 35.2 130.1
------------------------------------------------ ----- ------ ------- ------- --------
FTSE Actuaries All-Share Index Total Return (3) -11.4 -8.4 0.2 24.6 81.0
------------------------------------------------ ----- ------ ------- ------- --------
Share price total return (3) -0.7 5.8 14.0 45.7 172.7
------------------------------------------------ ----- ------ ------- ------- --------
Change in Retail Price Index (4) 0.8 1.1 7.0 13.4 30.6
------------------------------------------------ ----- ------ ------- ------- --------
(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;
September 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 Alison Skerritt-Black,
Company Secretariat, 020 7606 5451).
The Law Debenture Corporation p.l.c. LEI number -
2138006E39QX7XV6PP21
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END
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