Fair Value of 4.53% Secured Notes 2029

RNS Number : 3012K

City of London Investment Trust PLC

20 September 2016

 

HENDERSON INVESTMENT FUNDS LIMITED

THE CITY OF LONDON INVESTMENT TRUST PLC

20 September 2016

Fair value of 4.53% Secured Notes 2029

For many years, the Company has issued net asset values based on the fair or market value of its debentures and preference shares as well as their par value.  Although the 4.53% secured notes 2029 are unquoted and illiquid, it has become normal practice in the investment trust sector for such instruments to be fair valued for NAV reporting.  Therefore, from 30 September 2016, the Company will fair value the 4.53% secured notes for NAV reporting purposes. The change to the Company's fair value net asset value is expected to be less than 1%.

For further information, please call:

Job Curtis Fund Manager The City of London Investment Trust plc Telephone: [phone]

James de Sausmarez Director and Head of Investment Trusts Henderson Investment Funds Limited Telephone: [phone]

 

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