Law Debenture Corp PLC Net Asset Value(s) (6242E)
June 30 2023 - 12:04PM
UK Regulatory
TIDMLWDB
RNS Number : 6242E
Law Debenture Corp PLC
30 June 2023
The Law Debenture Corporation p.l.c.
Net Asset Value as at 29 June 2023
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 29 June 2023 was 736.65 pence per share
(cum income). With the Corporation's long term debt stated at fair
value, the NAV was 769.44 pence per share (cum income). The
mid-market price at the close of business on 29 June 2023 was
757.00 pence per share.
Net Asset Value Excluding Income (pence) Including Income (pence)
NAV with debt at par 729.27 736.65
------------------------ ------------------------
NAV with debt at fair value 762.05 769.44
------------------------ ------------------------
Performance
YTD 1 year 3 years 5 years 10 years
% % % % %
NAV total return (with debt at par) (2) 1.4 0.3 40.8 28.0 123.5
------------------------------------------------ --- ------ ------- ------- --------
NAV total return (with debt at fair value) (2) 3.1 5.0 57.8 38.7 138.4
------------------------------------------------ --- ------ ------- ------- --------
FTSE Actuaries All-Share Index Total Return (3) 1.8 5.0 31.1 15.0 79.6
------------------------------------------------ --- ------ ------- ------- --------
Share price total return (3) 0.2 1.5 64.0 54.5 125.6
------------------------------------------------ --- ------ ------- ------- --------
Change in Retail Price Index (4) 4.1 11.3 28.4 33.7 50.1
------------------------------------------------ --- ------ ------- ------- --------
(1) The fair value of the IPS business has been calculated as at
31 December 2022.
(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) Share Price source: Refinitiv.
(4) Source: Office for National Statistics, subject to latest
published RPI, May 2023.
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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