Net Asset Value

RNS Number : 6645R

Law Debenture Corp PLC

04 March 2019

 

Net Asset Value

The Law Debenture Corporation p.l.c. announces that its preliminary unaudited Net Asset Value ("NAV") with borrowings at par and including fair value of IPS businesses on 28 February 2019 was 655.97 pence per share (ex income) and 670.82 pence per share (cum income), which includes the proposed 2018 final dividend of 12.90p.  With the Corporation's long term debt stated at fair value, the NAV was 635.49 pence per share (ex income) and 650.34 pence per share (cum income).  The mid-market price at the close of business on 28 February 2019 was 584.00 pence per share.  The final dividend will be paid, subject to shareholder approval, on 18 April 2019 to holders on the register at the record date of 15 March 2019.

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. Its top ten holdings, including all holdings with a value greater than 5% of the Corporation's gross assets as at 28 February 2019 are set out below.

Top 10 Holdings

The top 10 holdings in the investment portfolio as at 28 February 2019 were:

Rank	Name of Holding	% of portfolio (excl. cash)
1.	Royal Dutch Shell	4.13
2.	GlaxoSmithKline	2.41
3.	BP	2.39
4.	Rio Tinto	2.27
5.	HSBC	2.26
6.	Rolls Royce	2.20
7.	Prudential	2.07
8.	Senior	1.87
9.	Stewart Investors Pacific	1.84
10.	Relx	1.81

Geographical Split of investment portfolio

Region	% of portfolio
UK	66
Europe	7
North America	8
Japan	1
Other Pacific	4
Other	1
Cash and Fixed Interest	13
TOTAL	100

Released by The Law Debenture Corporation p.l.c., Fifth Floor, 100 Wood Street, London, EC2V 7EX (contact Ian Bowden, Company Secretariat, 020 7696 5285).

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

 

END

 

 

NAVSSIFWFFUSEED