Law Debenture Corp PLC Net Asset Value(s) (1205V)
November 29 2023 - 12:10PM
UK Regulatory
TIDMLWDB
RNS Number : 1205V
Law Debenture Corp PLC
29 November 2023
The Law Debenture Corporation p.l.c.
Net Asset Value as at 28 November 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 28 November 2023 was 742.71 pence per
share (cum income). With the Corporation's long term debt stated at
fair value, the NAV was 776.00 pence per share (cum income). The
mid-market price at the close of business on 28 November 2023 was
789.00 pence per share.
Net Asset Value Excluding Income (pence) Including Income (pence)
NAV with debt at par 739.80 742.71
------------------------ ------------------------
NAV with debt at fair value 773.09 776.00
------------------------ ------------------------
Performance
YTD 1 year 3 years 5 years 10 years
% % % % %
NAV total return (with debt at par) (2) 3.3 3.7 26.1 40.1 103.0
------------------------------------------------ --- ------ ------- ------- --------
NAV total return (with debt at fair value) (2) 5.0 6.1 40.8 51.2 116.4
------------------------------------------------ --- ------ ------- ------- --------
FTSE Actuaries All-Share Index Total Return (3) 3.4 2.9 25.7 27.4 64.0
------------------------------------------------ --- ------ ------- ------- --------
Share price total return (3) 5.4 5.5 45.4 76.2 117.7
------------------------------------------------ --- ------ ------- ------- --------
Change in Retail Price Index (4) 4.8 6.1 28.4 32.8 50.0
------------------------------------------------ --- ------ ------- ------- --------
(1) The fair value of the IPS business has been calculated as at
30 June 2023.
(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, October 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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