Net Asset Value(s)

RNS Number : 0793E

Law Debenture Corp PLC

08 March 2022

 

The Law Debenture Corporation p.l.c.

Net Asset Value as at 7 March 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 7 March 2022 was 753.47 pence per share (cum income). With the Corporation's long term debt stated at fair value, the NAV was 731.08 pence per share (cum income). The mid-market price at the close of business on 7 March 2022 was 742.00 pence per share. The final dividend of 8.375p will be paid on 14 April 2022 to shareholders on the register at the record date of 11 March 2022. The NAV has been updated for the fair value of the IPS business at 31 December 2021 in line with the annual results announcement.

Net Asset Value	Excluding Income (pence)	Including Income (pence)
NAV with debt at par	746.94	753.47
NAV with debt at fair value	724.55	731.08

Performance

	YTD %	1 year %	3 years %	5 years %	10 years %
NAV total return (with debt at par) 2	-9.1	7.9	28.3	39.2	149.6
NAV total return (with debt at fair value) 2	-7.2	10.1	29.4	41.8	145.0
FTSE Actuaries All-Share Index Total Return 3	-7.8	5.6	10.0	16.8	80.1
Share price total return 3	-7.1	9.1	43.9	56.3	171.8
Change in Retail Price Index 4	0.0	7.8	12.3	19.7	33.5

¹ The fair value of the IPS business has been calculated as at 31 December 2021 and was published as part of the annual results announcement on 25 February 2022.

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, January 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

 

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