Net Asset Value and Portfolio Update

RNS Number : 8003M

Law Debenture Corp PLC

01 August 2017

 

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 July 2017 was 662.17 pence per share (ex income) and 673.79 pence per share (cum income), which includes the proposed 2017 interim dividend of 5.50p.  With the Corporation's long term debt stated at fair value, the NAV was 636.82 pence per share (ex income) and 648.44 pence per share (cum income).  The mid-market price at the close of business on 31 July 2017 was 581.50 pence per share.  The interim dividend will be paid on 8 September 2017 to holders on the register at the record date of 11 August 2017.

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 July 2017 are set out below

Top 10 Holdings

The top 10 holdings in the investment portfolio as at 31 July 2017 were:

Rank	Name of Holding	% of portfolio (excl. cash)
1.	Royal Dutch Shell	3.19
2.	HSBC	2.69
3.	Baillie Gifford Pacific	2.51
4.	Rolls Royce	2.27
5.	Stewart Investors Pacifc	2.08
6.	GKN	1.96
7.	Senior	1.92
8.	BP	1.92
9.	Prudential	1.83
10.	Rio Tinto	1.78

Geographical Split of investment portfolio

Region	% of portfolio
UK	64
Europe	7
North America	9
Japan	2
Other Pacific	5
Other	2
Cash and Fixed Interest	11
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).

 

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