Net Asset Value(s)

RNS Number : 8967C

Law Debenture Corp PLC

23 June 2021

 

The Law Debenture Corporation p.l.c.

Net Asset Value as at 22 June 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 22 June 2021 was 785.58 pence per share (cum income) which includes the proposed 2021 first interim dividend of 6.875 pence per share as the shares went ex-dividend on 03 June 2021. With the Corporation's long term debt stated at fair value, the NAV was 752.21 pence per share (cum income). The mid-market price at the close of business on 22 June 2021 was 765.00 pence per share. The first interim dividend will be paid on 07 July 2021 to shareholders on the register at the record date of 04 June 2021.

Net Asset Value	Excluding Income (pence)	Including Income (pence)
NAV with debt at par	776.33	785.58
NAV with debt at fair value	742.96	752.21

Performance

	YTD %	1 year %	3 years %	5 years %	10 years %
NAV total return (with debt at par) 2	15.0	37.6	26.3	78.9	174.9
NAV total return (with debt at fair value) 2	17.7	41.1	25.4	79.3	166.1
FTSE Actuaries All-Share Index Total Return 3	11.9	20.6	6.4	41.7	93.9
Share price total return 3	13.1	50.8	43.1	97.4	195.9
Change in Retail Price Index 4	2.2	3.3	7.6	15.2	28.4

¹ The fair value of the IPS business has been calculated as at 31 December 2020 and was published as part of the year end results announcement on 26 February 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: Bloomberg, subject to subject to latest published RPI; May 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-Black, Company Secretariat, 020 7606 5451).

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

 

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