Net Asset Value(s)

RNS Number : 9296W

Glasgow Income Trust PLC

05 August 2009

 



Aberdeen Asset Management PLC announces the unaudited net asset values (NAVs) of the following investment companies as at close of business on 04 August 2009. 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.

Glasgow Income Trust (Note 2)	Excluding Income	39.36p	Ordinary
Glasgow Income Trust (Note 2)	Including Income	40.05p	Ordinary

Note 2:    As previously indicated, the Company announces that it has repaid the final tranche of zero coupon financing for value on 03 August at a cost of £22.1 million. This was financed by the liquidation of the corporate bond portfolio and effecting selected equity realisations. The Company now has no borrowings and the current portfolio split is 95% equities, 5% cash. 

 

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