Scottish Investment Trust PLC Net Asset Value(s) (9430D)
October 12 2018 - 10:03AM
UK Regulatory
TIDMSCIN
RNS Number : 9430D
Scottish Investment Trust PLC
12 October 2018
To: RNS
From: The Scottish Investment Trust PLC
LEI: 549300ZL6XSHQ48U8H53
Date: 12 October 2018
Net asset values per share (NAVs) at 11 October 2018
Cum - income Discount
NAV with borrowings at market value 896.9p 8.7%
NAV with borrowings at par 921.6p
Ex - income
NAV with borrowings at market value 885.3p
NAV with borrowings at par 909.9p
Notes:
In line with our reporting policy, the NAVs are calculated
taking the valuation of investments at closing bid or
last price as the case may be. NAVs are unaudited.
Borrowings at market value is the company's estimate of
the "fair value" of its borrowings. The current estimated
fair value of the company's borrowings is based on the
redemption yield of the relevant existing reference gilt
plus a margin derived from the spread of BBB UK corporate
bond yields (15 years+) over UK gilt yields (15 years+).
The reference gilt for the secured bonds is the 6% UK
Treasury Stock 2028 and the reference gilt for the perpetual
debenture stocks is the longest dated UK Treasury stock
listed in the Financial Times.
"Borrowings at par" is the nominal value of the borrowings less
any unamortised issue expenses.
For further information please contact:
Michael Woodward / Philip Rorke
0131 550 3761 / 3762
Maitland Administration Services (Scotland) Limited
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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