UK Mortgages Ltd Net Asset Value(s)

 
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              £0.7880          GG00BXDZMK63       30 September 
                                                                          2021 
 
UKML RNS: Commentary accompanying UK Mortgages Limited September 2021 NAV 
 
The UKML NAV per share was calculated for September 2021 month end at 78.80 
pence per share, an increase of 0.86 pence per share. 
 
The primary driver of NAV performance this month was the ongoing running income 
generated by the Company's investments, which contributed 0.67 pence per share 
to the NAV. 
 
As highlighted in recent investor communications, this income continues to be 
on a positive growth trajectory albeit, with the yield curve shifting further 
upwards during the month, the pull to par on the Oat Hill No. 2 portfolio was 
higher than that in previous months, whilst the premium unwind of the Company's 
other investments was slightly compressed, contributing an additional 0.10 
pence per share of the monthly NAV gain. 
 
Additionally, following some fine tuning of the IFRS 9 ECL provisioning as part 
of the audit of the June 2021 financial statements, a further release of prior 
loss provisioning was applied. This contributed to a 0.05 pence per share 
improvement in the NAV. 
 
Notably, regardless of the above additional contributors to NAV performance 
this month, plus some other small sundries, the Company's income continues to 
run at a rate well in excess of the 0.375 pence per share required to cover the 
monthly dividend equivalent. 
 
The Company's investments continue to perform in line with expectations, and 
further details will be available in the Company's next factsheet. 
 
 
Enquiries: 
 
Northern Trust International Fund Administration Services (Guernsey) Limited 
Andrew Bonham               44 (0)1481 745302 
Date: 17 November 2021 
 
 
 
 
END

(END) Dow Jones Newswires

November 17, 2021 09:33 ET (14:33 GMT)

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