Net Asset Value and Portfolio Update

RNS Number : 9454Z

Law Debenture Corp PLC

01 June 2016

 

Net Asset Value

The Law Debenture Corporation p.l.c. announces that its Net Asset Value ("NAV") with borrowings at par and including fair value of IFS businesses on 31 May 2016 was 526.11 pence per share (ex income) and 534.16 pence per share (cum income).  With the Corporation's long term debt stated at fair value, the NAV was 510.02 pence per share (ex income) and 518.07 pence per share (cum income).  The mid-market price at the close of business on 31 May 2016 was 480.00 pence per share.

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 31 May 2016 are set out below

Top 10 Holdings

The top 10 holdings in the investment portfolio as at 31 May 2016 were:

Rank	Name of Holding	% of portfolio (excl. cash)
1.	Henderson Japan Capital Growth	2.71
2.	Royal Dutch Shell	2.62
3.	Henderson Asia Pacific Capital Growth	2.14
4.	Senior	1.98
5.	BP	1.98
6.	GKN	1.97
7.	Stewart Investors Pacifc	1.90
8.	Baillie Gifford Pacific	1.87
9.	Hill & Smith	1.80
10.	GlaxoSmithKline	1.71

Geographical Split of investment portfolio

Region	% of portfolio
UK	67
Europe	7
North America	10
Japan	3
Other Pacific	6
Other	1
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

 

 

MSCLLFFEREILIIR