Net Asset Value and Portfolio Update

RNS Number : 2973G

Law Debenture Corp PLC

02 March 2015

 



Net Asset Value

The Law Debenture Corporation p.l.c. announces that its Net Asset Value ("NAV") with borrowings at par on 28 February 2015 was 505.38 pence per share (ex income) and 518.87 pence per share (cum income), which includes the proposed 2014 final dividend of 11.00p.  With the Corporation's long term debt stated at fair value, the NAV was 493.54 pence per share (ex income) and 507.03 pence per share (cum income).  The mid-market price at the close of business on 28 February 2015 was 539.50 pence per share.  The final dividend will be paid, subject to shareholder approval, on 23 April 2015 to holders on the register at the record date of 20 March 2015.

In accordance with listing rule 15.6.8, The Law Debenture Corporation p.l.c. announces that it has no investments in other UK listed investment companies that require to be disclosed. Its top ten holdings, including all holdings with a value greater than 5% of the Corporation's gross assets as at 28 February 2015 are set out below

Top 10 Holdings

The top 10 holdings in the portfolio as at 28 February 2015 were:

Rank	Name of Holding	% of portfolio (excl. cash)
1.	Senior	3.06
2.	GKN	2.59
3.	Henderson Japan Capital Growth	2.57
4.	BP	2.45
5.	Henderson Asia Pacific Capital Growth	2.25
6.	Rio Tinto	2.12
7.	Baillie Gifford Pacific	2.10
8.	Royal Dutch Shell	2.07
9.	Amlin	2.03
10.	First State Asia Pacifc	1.92

Geographical Split

Region	% of portfolio
UK	69
Europe	6
North America	8
Japan	3
Other Pacific	6
Other	2
Cash and Fixed Interest	6
TOTAL	100

Released by The Law Debenture Corporation p.l.c., Fifth Floor, 100 Wood Street, London, EC2V 7EX (contact Ian Bowden, Company Secretariat, 020 7696 5285).

 

END

 

 

MSCLLFVRVEIFIIE