Net Asset Value(s)

RNS Number : 0779R

Scottish Mortgage Inv Tst PLC

08 September 2014

 

Scottish Mortgage Investment Trust PLC	5 September 2014
Net Asset Value with borrowings at par - including current year income	240.34p
Net Asset Value with borrowings at fair value - including current year income	235.12p
Net Asset Value with borrowings at par - excluding current year income	238.79p
Net Asset Value with borrowings at fair value - excluding current year income	233.58p
Net Asset Values are calculated in accordance with published accounting policies and AIC guidelines
The fair value of the debentures is calculated using a closing offer price provided by Investec Bank

The net asset values include the revision to the price of Alibaba following the announcement of the pricing range for the Alibaba Group IPO. The holding has been valued at the bottom end of the range announced which represents an uplift of c40% on the current unlisted valuation and now brings Alibaba into the top ten holdings.

 

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