UK Mortgages Ltd Net Asset Value

 
TIDMUKML 
 
UK MORTGAGES LIMITED 
 (a closed-ended investment company incorporated in Guernsey with registration 
                                 number 60440) 
                           LEI 549300388LT7VTHCIT59 
 
Final Net Asset Value 
 
         FUND NAME                  NAV                ISIN             NAV DATE 
 
   UK Mortgages Limited           GBP0.7943             GG00BXDZMK63  30th April 2020 
 
UKML RNS: Commentary accompanying UK Mortgages Limited April 2020 NAV 
 
The UKML NAV per share was calculated for April 2020 month end at 79.43 pence 
per share. 
 
The decrease of 0.14 pence per share was primarily driven by the quarterly 
dividend payment of 0.375 pence per share during the month. With the dividend 
added back into the NAV, the month on month NAV movement is a positive 0.235 
pence per share. 
 
The income earned from the Company's underlying investments, as well as the 
pull-to-par from the Oat Hill 1 transaction, both contributed positively to the 
NAV. This was partially offset by the movement in the valuations of the 
interest rate swaps held across the portfolios, of which the Company is exposed 
to the proportion deemed to be ineffective under IFRS 9 accounting standards, 
as swap rates continue to fall. 
 
Meanwhile, the Company's investments continue to perform in line with 
expectations, given the current moratorium in mortgage markets. 
 
More details will be available in the Company's next factsheet to be published 
shortly. 
 
Enquiries: 
Northern Trust International Fund Administration Services (Guernsey) Limited 
Andrew Bonham              44 (0)1481 745302 
 
Date: 19 June 2020 
 
 
 
END

(END) Dow Jones Newswires

June 19, 2020 12:22 ET (16:22 GMT)

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