Net Asset Value(s)

RNS Number : 9604N

Law Debenture Corp PLC

04 October 2021

 

The Law Debenture Corporation p.l.c.

Net Asset Value as at 1 October 2021

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 1 October 2021 was 807.37 pence per share (cum income) which includes the proposed 2021 second interim dividend of 6.875 pence per share as the shares go ex-dividend on 07 October 2021. With the Corporation's long term debt stated at fair value, the NAV was 775.06 pence per share (cum income). The mid-market price at the close of business on 1 October 2021 was 771.00 pence per share. The second interim dividend will be paid on 28 October 2021 to shareholders on the register at the record date of 08 October 2021.

Net Asset Value	Excluding Income (pence)	Including Income (pence)
NAV with debt at par	789.57	807.37
NAV with debt at fair value	757.26	775.06

Performance

	YTD %	1 year %	3 years %	5 years %	10 years %
NAV total return (with debt at par) 2	18.2	45.7	30.1	60.3	208.9
NAV total return (with debt at fair value) 2	21.2	50.7	29.1	64.1	199.7
FTSE Actuaries All-Share Index Total Return 3	12.7	26.5	8.7	28.8	117.6
Share price total return 3	14.0	57.3	41.9	81.5	213.3
Change in Retail Price Index 4	4.1	4.8	8.2	16.0	30.2

¹ The fair value of the IPS business has been calculated as at 30 June 2021 and was published as part of the half year results announcement on 29 July 2021.

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: Office for National Statistics, subject to latest published RPI, August 2021.

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., 8th Floor, 100 Bishopsgate, London, EC2N 4AG (contact Alison Skerritt, Company Secretariat, 020 7606 5451).

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

 

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