Net Asset Value(s) - Replacement

RNS Number : 6560V

Templeton Emerging Markets IT PLC

15 April 2021

 

The following amendment has been made to the announcement on 6 April 2021 at 10:30 under RNS No 4905U.

The original announcement incorrectly stated:

“For information purposes only, if fair value at yesterday's US close had not been applied, 

The unadjusted cum-income NAV would have been,  £2547.773m, representing a NAV of 1078.44 pence per share. 

and the unadjusted ex-income NAV would have been,  £2517.574m, representing a NAV of 1065.65 pence per share.”

 The corrected announcement is set out below.  No other information has been updated.

Templeton Emerging Markets Investment Trust PLC ("TEMIT")    

On behalf of TEMIT, Franklin Templeton International Services S.a.r.l. reports the unaudited cum-income net asset value ("NAV") of TEMIT as at    

 01 April 2021 was 2608.062m, representing a NAV of  1103.96 pence per share. 

The unaudited ex-income NAV of TEMIT as at 01 April 2021 was 2577.696m, representing a NAV of  1091.10 pence per share.

In accordance with the Association of Investment Companies recommendations, the cum-income NAV has been calculated based on the total value of underlying assets,   

including accumulated or accrued income, and using bid price information relating to the underlying assets.   

The ex-income NAV has been calculated based on the total value of underlying assets, excluding these income elements, and using bid price information relating to the underlying assets.   

The NAV of TEMIT is calculated daily at US close of markets using the latest available closing bid prices in each market of investment. However, where appropriate, 

these prices are adjusted to a fair value basis having regard to a range of market triggers and proxies. 

For information purposes only, if fair value at yesterday's US close had not been applied, 

The unadjusted cum-income NAV would have been, 2598.273m, representing a NAV of 1099.82 pence per share. 

and the unadjusted ex-income NAV would have been,  2567.907m, representing a NAV of 1086.96 pence per share. 

Portfolio data for TEMIT can be found on the website www.TEMIT.co.uk.    

If debt were valued at cost, the cum-income NAV would increase by 0.94p    

For information please contact Client Dealer Services on freephone 0800 305 306.    

 

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