UK Mortgages Ltd Net Asset Value(s)

 
TIDMUKML 
 
UK MORTGAGES LIMITED 
 
 (a closed-ended investment company incorporated in Guernsey with registration 
                                number 60440 ) 
 
                            EI 549300388LT7VTHCIT59 
 
Final Net Asset Value 
 
         FUND NAME                  NAV                ISIN             NAV DATE 
 
   UK Mortgages Limited           GBP0.8214             GG00BXDZMK63    31st January 
                                                                          2019 
 
UKML RNS: Commentary accompanying UK Mortgages Limited January 2019 NAV 
 
The UKML NAV per share was calculated for January 2019 month end at 82.14 pence 
per share. 
 
The 1.52 pence reduction in the NAV was driven mostly by the dividend payment 
of 1.5 pence per share. Movements in the fair values of the swaps held in the 
underlying portfolios, of which the fund is exposed to the portion deemed to be 
ineffective under IFRS 9 accounting standards, typically due to the timing of 
the adoption of IFRS 9 versus the inception of the swaps, had the effect of 
further reducing the NAV, although this was offset by the income generated by 
those investments. 
 
The fund's investments continue to perform exceptionally well, in line with 
expectations and more details will be available in the fund's next factsheet to 
be published shortly. 
 
Enquiries: 
Northern Trust International Fund Administration Services (Guernsey) Limited 
Andrew Bonham                44 (0)1481 745302 
 
Date: 14 March 2019 
 
 
 
END

(END) Dow Jones Newswires

March 14, 2019 08:14 ET (12:14 GMT)

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