Net Asset Value(s)

RNS Number : 7508D

Lowland Investment Co PLC

21 October 2022

 

Trust Name	LOWLAND INVESTMENT COMPANY PLC
Legal Entity Identifier	2138008RHG5363FEHV19
NAV Details	As at close of business on 20 October 2022, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items) was 115.9p and the net asset value per share with debt marked at fair value was 118.2p. As the Company's shares are now ex-dividend, the dividend has been deducted from the net asset value. As at close of business on 20 October 2022, the unaudited net asset value per share (excluding current financial year revenue items) was 114.1p and the net asset value per share with debt marked at fair value was 116.4p. 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 17 October 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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