Net Asset Value(s)

RNS Number : 1354O

Scottish American Investment Co PLC

02 March 2009

 



The Scottish American Investment Company P.L.C.	27 February 2009
Net Asset Value with borrowings at book - excluding current year income	133.22p
Net Asset Value with borrowings at fair value - excluding current year income	132.89p
Net Asset Value with borrowings at book - including current year income	137.16p
Net Asset Value with borrowings at fair value - including current year income	136.83p
All Net Asset Values are calculated using closing bid market prices for the underlying investments
The Baillie Gifford & Co Valuation Committee has decided to use a new pricing source for the valuation of the debenture which is deducted in arriving at the Net Asset Values with borrowings at fair value. This decision is effective from 2 March 2009, and the new source is used in the Net asset Values shown above. The Committee believes that this new source better reflects the prevailing market conditions.

 

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