Law Debenture Corp PLC Net Asset Value(s) (0811A)
May 27 2021 - 9:05AM
UK Regulatory
TIDMLWDB
RNS Number : 0811A
Law Debenture Corp PLC
27 May 2021
The Law Debenture Corporation p.l.c.
Net Asset Value as at 26 May 2021
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 26 May 2021 was 779.54 pence per share
(cum income) which includes the proposed 2021 first interim
dividend of 6.875 pence per share as the shares go ex-dividend on
03 June 2021. With the Corporation's long term debt stated at fair
value, the NAV was 746.08 pence per share (cum income). The
mid-market price at the close of business on 26 May 2021 was 759.00
pence per share. The first interim dividend will be paid on 07 July
2021 to shareholders on the register at the record date of 04 June
2021.
Net Asset Value Excluding Income (pence) Including Income (pence)
NAV with debt at par 772.38 779.54
------------------------ ------------------------
NAV with debt at fair value 738.93 746.08
------------------------ ------------------------
Performance
YTD 1 year 3 years 5 years 10 years
% % % % %
NAV total return (with debt at par) (2) 13.1 43.3 24.3 75.9 164.6
------------------------------------------------ ---- ------ ------- ------- --------
NAV total return (with debt at fair value) (2) 15.6 46.5 23.3 74.6 155.9
------------------------------------------------ ---- ------ ------- ------- --------
FTSE Actuaries All-Share Index Total Return (3) 10.9 23.4 8.8 41.4 85.6
------------------------------------------------ ---- ------ ------- ------- --------
Share price total return (3) 11.2 59.9 40.2 86.3 185.5
------------------------------------------------ ---- ------ ------- ------- --------
Change in Retail Price Index (4) 1.9 2.9 7.7 15.2 28.5
------------------------------------------------ ---- ------ ------- ------- --------
(1) The fair value of the IPS business has been calculated as at
31 December 2020 and was published as part of the year end results
announcement on 26 February 2021.
(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 subject to latest published
RPI; April 2021.
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., 8th Floor, 100
Bishopsgate, London, EC2N 4AG (contact Alison Skerritt, Company
Secretariat, 020 7606 5451).
The Law Debenture Corporation p.l.c. LEI number -
2138006E39QX7XV6PP21
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END
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