RNS Number:4504D
Royal London UK Eqty&Income Tst PLC
06 September 2007

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

 As at close of business on 31 August 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 = 40.88
pence*

NAV per Annuity Share = 75.00 pence



In the Chairman's Statement in the last Annual Report and Accounts, the Board
stated its intention to move towards a more absolute

return profile in the Trust.  In line with this intention, the Board has
authorised the Manager to adopt the use of certain derivatives which

reduce market risks.  The Manager has started this process. These strategies
change the risk profile of the Trust and it is no longer

meaningful simply to report positions in terms of "asset allocation".
Accordingly, the table below reflects the correct exposures to

markets that the strategies are currently creating in the Trust.



As at 31st August 2007



Asset Exposures:

Equity Portfolio = #76.9m

Fixed Interest Portfolio = #26.2m

Income Portfolio = #6.1m



Cash = #13.9m



Total Gross Assets = #123.1m

Net Assets (excl ZDPs) = #51.1m



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

As at close of business 31 August 2007, the NAV per Zero Dividend Preference

share of the Subsidiary, a wholly owned subsidiary of the Company = 164.86
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

6 SEPTEMBER 2007


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

NAVUUUBCBUPMGQQ
Royal London Uk Equity Trust (LSE:RLU)
Historical Stock Chart
From Sep 2024 to Oct 2024 Click Here for more Royal London Uk Equity Trust Charts.
Royal London Uk Equity Trust (LSE:RLU)
Historical Stock Chart
From Oct 2023 to Oct 2024 Click Here for more Royal London Uk Equity Trust Charts.