Net Asset Value(s)
The Law Debenture Corporation p.l.c.
Net Asset Value as at 25 May 2022
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 25 May 2022 was 794.69 pence per share (cum income). With the Corporation's long term debt stated at fair value, the NAV was 781.28 pence per share (cum income). The mid-market price at the close of business on 25 May 2022 was 800.00 pence per share. The first interim dividend will be paid on 7 July 2022 to shareholders on the register at the record date of 6 June 2022.
|
Net Asset Value |
Excluding Income (pence) |
Including Income (pence) |
|
NAV with debt at par |
780.42 |
794.69 |
|
NAV with debt at fair value |
767.01 |
781.28 |
Performance
|
|
YTD % |
1 year % |
3 years % |
5 years % |
10 years % |
|
NAV total return (with debt at par) 2 |
-3.1 |
4.6 |
35.5 |
42.0 |
180.9 |
|
NAV total return (with debt at fair value) 2 |
0.3 |
7.5 |
39.6 |
46.9 |
179.4 |
|
FTSE Actuaries All-Share Index Total Return 3 |
0.1 |
6.8 |
16.8 |
20.5 |
114.0 |
|
Share price total return 3 |
1.2 |
7.5 |
51.3 |
64.0 |
207.8 |
|
Change in Retail Price Index 4 |
5.3 |
11.1 |
16.1 |
23.7 |
38.0 |
1 The fair value of the IPS business has been calculated as at 31 December 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, April 2022.
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
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 2 days ago The Renewables Infrastructure Group Limited
- 2 days ago The Renewables Infrastructure Group Limited
- 2 days ago Smurfit Westrock (DI)
- 2 days ago Menhaden Resource Efficiency
- 2 days ago BP