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 |
£0.7943 |
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