Net Asset Value and Portfolio Update

RNS Number : 6387H

Law Debenture Corp PLC

02 August 2019

 

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 IPS business on 31 July 2019 was 677.44 pence per share (ex income) and 694.68 pence per share (cum income), which includes the proposed 2019 interim dividend of 6.6p.  With the Corporation's long term debt stated at fair value, the NAV was 646.28 pence per share (ex income) and 663.52 pence per share (cum income).  The mid-market price at the close of business on 31 July 2019 was 598.00 pence per share.  The interim dividend will be paid on 6 September 2019 to holders on the register at the record date of 9 August 2019.

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 2019 are set out below.

Top 10 Holdings

The top 10 holdings in the investment portfolio as at 31 July 2019 were:

Rank	Name of Holding	% of portfolio (excl. cash)
1.	Royal Dutch Shell	4.20
2.	GlaxoSmithKline	3.30
3.	Rio Tinto	2.28
4.	BP	2.26
5.	HSBC	2.24
6.	Prudential	2.05
7.	Johnson Service	1.96
8.	Relx	1.89
9.	Rolls Royce	1.84
10.	Stewart Investors Pacific	1.68

Geographical Split of investment portfolio

Region	% of portfolio
UK	70
Europe	7
North America	8
Japan	1
Other Pacific	4
Other	1
Cash and Fixed Interest	9
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).

The Law Debenture Corporation p.l.c. LEI number - 2138006E39QX7XV6PP21

 

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