Law Debenture Corp PLC Net Asset Value(s) (8904N)
03 Febbraio 2021 - 12:44PM
UK Regulatory
TIDMLWDB
RNS Number : 8904N
Law Debenture Corp PLC
03 February 2021
The Law Debenture Corporation p.l.c.
Net Asset Value as at 2 February 2021
The Law Debenture Corporation p.l.c. announces that its Net
Asset Value ("NAV") with borrowings at par and including the fair
value of IPS business(1) on 2 February 2021 was 698.25 pence per
share (cum income). With the Corporation's long term debt stated at
fair value, the NAV was 656.84 pence per share (cum income). The
mid-market price at the close of business on 2 February 2021 was
651.00 pence per share. The third interim dividend in respect of
the year ending 31 December 2020 of 6.5 pence per share was paid on
28 January 2021.
Net Asset Value Excluding Income (pence) Including Income (pence)
NAV with debt at par 691.82 698.25
------------------------ ------------------------
NAV with debt at fair value 650.40 656.84
------------------------ ------------------------
Performance
YTD 1 year 3 years 5 years 10 years
% % % % %
NAV total return (with debt at par) (2) 0.4 3.9 13.5 61.0 143.0
------------------------------------------------ ---- ------ ------- ------- --------
NAV total return (with debt at fair value) (2) 0.8 3.4 11.1 55.6 130.7
------------------------------------------------ ---- ------ ------- ------- --------
FTSE Actuaries All-Share Index Total Return (3) 1.0 -5.9 0.2 33.8 74.5
------------------------------------------------ ---- ------ ------- ------- --------
Share price total return (3) -5.7 12.8 23.4 76.2 162.3
------------------------------------------------ ---- ------ ------- ------- --------
Change in Retail Price Index (4) 1.2 1.2 6.2 13.4 29.3
------------------------------------------------ ---- ------ ------- ------- --------
(1) The fair value of the IPS business is consistent with the
most recent formal valuation at 30 June 2020. The fair value at 31
December 2020 is currently being calculated and will be published
as part of our audited results. This, along with other year-end
adjustments, will result in a slight variance between the NAV we
have and the final audited NAV we will disclose in our Annual
Report and Accounts.
(2) NAV is calculated in accordance with the Association of
Investment Companies (AIC) methodology, based on performance data
held by Law Debenture including fair value of IPS business and
long-term borrowings. NAV is shown with debt measured at par and
with debt measured at fair value.
(3) Source: Refinitiv.
(4) Source: Bloomberg, subject to latest published RPI; December
2020.
In accordance with listing rule 15.6.8, The Law Debenture
Corporation p.l.c. announces that it has no investments in other UK
listed investment companies that require to be disclosed.
Released by The Law Debenture Corporation p.l.c., 8th Floor, 100
Bishopsgate, London, EC2N 4AG (contact Alison Skerritt-Black,
Company Secretariat, 020 7606 5451).
The Law Debenture Corporation p.l.c. LEI number -
2138006E39QX7XV6PP21
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END
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