UK Mortgages Ltd Net Asset Value
June 19 2020 - 12:22PM
UK Regulatory
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)
Uk Mortgages (LSE:UKML)
Historical Stock Chart
From Jul 2024 to Aug 2024
Uk Mortgages (LSE:UKML)
Historical Stock Chart
From Aug 2023 to Aug 2024