RNS Number:7967X
Royal London UK Eqty&Income Tst PLC
05 June 2007

ROYAL LONDON UK EQUITY & INCOME TRUST PLC (the "Company")



As at close of business on 1 June 2007, the unaudited net asset value ("NAV")
per share class of

the Company calculated in accordance with the AIC formula was:



NAV per Ordinary Share excluding current financial year revenue items = 48.82
pence*

NAV per Annuity Share = 75.00 pence



ROYAL LONDON UK EQUITY & INCOME SECURITIES PLC (the "Subsidiary")



As at close of business 1 June 2007, the NAV per Zero Dividend Preference

share of the Subsidiary, a wholly owned subsidiary of the Company = 161.45
pence.

*Notes:

 1. The investments are valued at bid and the bank loan is included at fair
    value.
 2. Consent of the Annuity Shareholders to a winding up prior to their redemption
    date of 14

    September 2021 may require that Annuity Shareholders are paid an amount
    equivalent to

    at least the yield of 8.2% per annum. For illustrative purposes only, if a
    voluntary winding-up

    of the Company were to occur on 14 September 2008, when the Zero Dividend
    Preference

    Shares of the Subsidiary are to be repaid, a payment of 95.3p per Annuity
    Share would be

    required in order to achieve the yield of 8.2% per annum on the Annuity
    Shares which would

    reduce the amount attributable to the Ordinary Shareholders by 8.7p per
    Share.



 BNP Paribas Secretarial Services Limited

Secretary

5 JUNE 2007


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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