Net Asset Value(s)
The Law Debenture Corporation p.l.c.
Net Asset Value as at 2 September 2020
The Law Debenture Corporation p.l.c. announces that its Net Asset Value ("NAV") with borrowings at par and including the fair value of IPS business1 on 2 September 2020 was 583.88 pence per share (cum income). With the Corporation's long term debt stated at fair value, the NAV was 543.06 pence per share (cum income). The mid-market price at the close of business on 2 September 2020 was 525.00 pence per share.
|
Net Asset Value |
Excluding Income (pence) |
Including Income (pence) |
|
NAV with debt at par |
574.68 |
583.88 |
|
NAV with debt at fair value |
533.86 |
543.06 |
Performance
|
|
YTD % |
1 year % |
3 years % |
5 years % |
10 years % |
|
NAV total return (with debt at par) 2 |
-16.6 |
-11.2 |
-4.3 |
30.3 |
120.6 |
|
NAV total return (with debt at fair value) 2 |
-18.7 |
-12.9 |
-7.3 |
23.9 |
106.9 |
|
FTSE Actuaries All-Share Index Total Return 3 |
-18.9 |
-15.5 |
-8.1 |
20.2 |
66.1 |
|
Share price total return 3 |
-13.0 |
-4.1 |
2.2 |
29.6 |
138.6 |
|
Change in Retail Price Index 4 |
0.8 |
1.6 |
7.8 |
13.8 |
31.6 |
1 The fair value of the IPS business has been calculated as at 30 June 2020 and was published as part of the interim results announcement on 31 July 2020.
2 NAV is calculated in accordance with the Association of Investment Companies (AIC) methodology, based on performance data held by Law Debenture including fair value of IPS business and long-term borrowings. NAV is shown with debt measured at par and with debt measured at fair value.
3 Source: Refinitiv.
4 Source: Bloomberg, subject to latest published RPI; July 2020
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.
Released by The Law Debenture Corporation p.l.c., Fifth Floor, 100 Wood Street, London, EC2V 7EX (contact Debbie Fish, Company Secretariat, 020 7696 5940).
The Law Debenture Corporation p.l.c. LEI number - 2138006E39QX7XV6PP21
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