Law Debenture Corp PLC Net Asset Value(s)
May 29 2024 - 11:55AM
RNS Regulatory News
RNS Number : 3383Q
Law Debenture Corp PLC
29 May 2024
The Law Debenture Corporation p.l.c.
Net Asset Value as at 28 May 2024
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 business1 on
28 May 2024 was
850.20 pence per share (cum
income). With the Corporation's long term debt stated at fair
value, the NAV was 879.77
pence per share (cum income). The mid-market price at the close of
business on 28 May 2024 was
876.00 pence per
share.
|
Net
Asset Value
|
Excluding Income
(pence)
|
Including Income
(pence)
|
|
NAV with debt at par
|
837.50
|
850.20
|
|
NAV with debt at fair
value
|
867.06
|
879.77
|
Performance
|
|
YTD
%
|
1 year
%
|
3 years
%
|
5 years
%
|
10 years
%
|
|
NAV
total return (with debt at
par)2
|
11.4
|
16.8
|
21.4
|
56.9
|
119.6
|
|
NAV
total return (with debt at fair
value)2
|
11.5
|
15.7
|
31.0
|
69.6
|
132.2
|
|
FTSE
Actuaries All-Share Index Total
Return3
|
8.4
|
12.8
|
25.2
|
35.1
|
78.3
|
|
Share price total
return3
|
10.6
|
13.2
|
28.6
|
81.0
|
140.1
|
|
Change in Retail Price
Index4
|
1.6
|
3.3
|
27.9
|
33.6
|
50.6
|
1 The fair value of the
IPS business has been calculated as at 31 December 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, April
2024.
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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