Net Asset Value(s)

RNS Number : 4572H

Shires Income PLC

12 March 2018

 

Aberdeen Asset Management PLC announces the unaudited net asset values (NAVs) of Shires Income plc at close of business on 9 March 2018.  Unless otherwise disclosed, the NAVs have been calculated in accordance with the recommendations of the Association of Investment Companies.  In particular: (1) financial assets have been valued on a fair value basis using bid prices, or, if more appropriate, a last trade basis; (2) debt is valued at par and, where applicable, debt is also separately valued at market value (3) diluted NAVs are disclosed where applicable (for this purpose, treasury shares are excluded for the purposes of calculation); and (4) provisions for performance fees are included where applicable.

The NAV for Shires Income PLC incorporates the fall in the value of the Company's preference share portfolio resulting from one large issuer's decision to potentially repay their irredeemable preference shares, and the consequent knock-on impact upon similar undated preference shares.

Shires Income PLC Undiluted	Excluding Income	257.22p	Ordinary
Shires Income PLC Undiluted	Including Income	263.45p	Ordinary
Shires Income PLC with Debt at Fair Value	Excluding Income	257.15p	Ordinary
Shires Income PLC with Debt at Fair Value	Including Income	263.39p	Ordinary

 

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