Net Asset Value(s)

RNS Number : 2363L

Lowland Investment Co PLC

29 December 2022

 

Trust Name	LOWLAND INVESTMENT COMPANY PLC
Legal Entity Identifier	2138008RHG5363FEHV20
NAV Details	As at close of business on 28 December 2022, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items) was 129.9p and the net asset value per share with debt marked at fair value was 131.5p. As at close of business on 28 December 2022, the unaudited net asset value per share (excluding current financial year revenue items) was 127.5p and the net asset value per share with debt marked at fair value was 129.0p. Debt marked at fair value is the Company's estimate of the "fair value" of its senior unsecured notes. The current estimated fair value of the Company's senior unsecured notes is based on a discount rate calculated using the redemption yield of the relevant existing UK Gilt (last updated as at 16 December 2022) plus a credit spread. The discount rate is calculated and updated weekly (barring large movements in the UK Gilt yield when it will be calculated more frequently) and applied daily to determine the Company's published fair value NAVs.
For further information, please call:	Wendy King Janus Henderson Investors Telephone: [phone]

 

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