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              GBP0.7942          GG00BXDZMK63      31st May 2020 
 
 
UKML RNS: Commentary accompanying UK Mortgages Limited May 2020 NAV 
 
The UKML NAV per share was calculated for May 2020 month end at 79.42 pence per 
share, a decrease of 0.01 pence per share. 
 
Income earned from the Company's underlying investments combined with the pull 
to par effect from the Oat Hill No. 1 transaction generated a gain in NAV of 
over 0.20 pence per share, despite the pull to par being slightly lower this 
month due to the ongoing reduction in the yield curve and the full realisation 
of the Bank of England base rate cuts in March. This gain was offset by 
movements in the valuation level of the interest rate swaps held across the 
portfolios which fell in-line with swap rates during May. As stated in previous 
commentaries, the impact on the NAV of the swap MTM is limited to the 
proportion which is deemed ineffective under IFRS 9 accounting standards. 
 
Meanwhile, the Company's investments continue to perform in line with 
expectations. 
 
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: 17 July 2020 
 
 
 
 
END

(END) Dow Jones Newswires

July 17, 2020 10:43 ET (14:43 GMT)

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