Law Debenture Corp PLC Net Asset Value(s) (8317O)
October 12 2021 - 8:41AM
UK Regulatory
TIDMLWDB
RNS Number : 8317O
Law Debenture Corp PLC
12 October 2021
The Law Debenture Corporation p.l.c.
Net Asset Value as at 11 October 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 11 October 2021 was 806.12 pence per
share (cum income) which excludes the proposed 2021 second interim
dividend of 6.875 pence per share as the shares went ex-dividend on
07 October 2021. With the Corporation's long term debt stated at
fair value, the NAV was 775.39 pence per share (cum income). The
mid-market price at the close of business on 11 October 2021 was
759.00 pence per share. The second interim dividend will be paid on
28 October 2021 to shareholders on the register at the record date
of 08 October 2021.
Net Asset Value Excluding Income (pence) Including Income (pence)
NAV with debt at par 788.31 806.12
------------------------ ------------------------
NAV with debt at fair value 757.58 775.39
------------------------ ------------------------
Performance
YTD 1 year 3 years 5 years 10 years
% % % % %
NAV total return (with debt at par) (2) 19.0 40.9 32.9 57.6 205.4
------------------------------------------------ ---- ------ ------- ------- --------
NAV total return (with debt at fair value) (2) 22.4 45.5 31.9 60.4 197.0
------------------------------------------------ ---- ------ ------- ------- --------
FTSE Actuaries All-Share Index Total Return (3) 13.8 24.5 12.4 30.1 113.2
------------------------------------------------ ---- ------ ------- ------- --------
Share price total return (3) 13.3 44.2 45.3 77.1 214.0
------------------------------------------------ ---- ------ ------- ------- --------
Change in Retail Price Index (4) 4.1 4.8 8.2 16.0 30.2
------------------------------------------------ ---- ------ ------- ------- --------
(1) The fair value of the IPS business has been calculated as at
30 June 2021 and was published as part of the half year results
announcement on 29 July 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: Office for National Statistics, subject to latest
published RPI, August 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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NAVBDBDGGSBDGBD
(END) Dow Jones Newswires
October 12, 2021 08:41 ET (12:41 GMT)
Law Debenture (LSE:LWDB)
Historical Stock Chart
From Apr 2024 to May 2024
Law Debenture (LSE:LWDB)
Historical Stock Chart
From May 2023 to May 2024
