UK Mortgages Ltd - Net Asset Value(s)
March 14 2019 - 8:14AM
PR Newswire (US)
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 |
£0.8214 |
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
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