Net Asset Value(s)

Law Debenture Corp PLC

28 August 2024

 

The Law Debenture Corporation p.l.c.

Net Asset Value as at 27 August 2024

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 27 August 2024 was 859.95 pence per share (cum income). With the Corporation's long term debt stated at fair value, the NAV was 886.34 pence per share (cum income). The mid-market price at the close of business on 27 August 2024 was 896.00 pence per share.

Net Asset Value	Excluding Income (pence)	Including Income (pence)
NAV with debt at par	856.86	859.95
NAV with debt at fair value	883.26	886.34

Performance

	YTD %	1 year %	3 years %	5 years %	10 years %
NAV total return (with debt at par)2	13.7	21.4	17.4	61.4	119.2
NAV total return (with debt at fair value)2	13.3	19.5	26.2	75.8	131.1
FTSE Actuaries All-Share Index Total Return3	10.9	18.5	23.6	39.4	81.3
Share price total return3	14.2	18.4	25.1	96.5	142.1
Change in Retail Price Index4	2.2	3.6	26.8	33.9	51.4

¹ The fair value of the IPS business has been calculated as at 30 June 2024.

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 Share Price source: Refinitiv.

⁴ Source: Office for National Statistics, subject to latest published RPI, July 2024.

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 Nicola Lambourne, Company Secretariat, 020 7606 5451).

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

 

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