Law Debenture Corp PLC Net Asset Value(s) (3757R)
05 Marzo 2021 - 3:16PM
UK Regulatory
TIDMLWDB
RNS Number : 3757R
Law Debenture Corp PLC
05 March 2021
The Law Debenture Corporation p.l.c.
Net Asset Value as at 4 March 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 4 March 2021 was 726.19 pence per share
(cum income) which includes the proposed 2020 final dividend of 8.0
pence as the shares go ex-dividend on 11 March 2021. With the
Corporation's long term debt stated at fair value, the NAV was
691.24 pence per share (cum income). The mid-market price at the
close of business on 4 March 2021 was 714.00 pence per share. The
final dividend will be paid on 15 April 2021 to holders on the
register at the record date of 12 March 2021.
Net Asset Value Excluding Income (pence) Including Income (pence)
NAV with debt at par 725.38 726.19
------------------------ ------------------------
NAV with debt at fair value 690.43 691.24
------------------------ ------------------------
Performance
YTD 1 year 3 years 5 years 10 years
% % % % %
NAV total return (with debt at par) (2) 4.2 17.6 20.8 61.5 151.4
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NAV total return (with debt at fair value) (2) 5.9 18.9 19.5 57.4 141.7
------------------------------------------------ --- ------ ------- ------- --------
FTSE Actuaries All-Share Index Total Return (3) 3.8 6.2 6.5 36.5 74.9
------------------------------------------------ --- ------ ------- ------- --------
Share price total return (3) 3.5 34.2 38.1 77.0 187.7
------------------------------------------------ --- ------ ------- ------- --------
Change in Retail Price Index (4) 0.3 1.4 6.7 13.8 28.6
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(1) The fair value of the IPS business has been calculated as at
31 December 2020 and was published as part of the year end results
announcement on 26 February 2021.
(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; January
2021.
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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March 05, 2021 09:16 ET (14:16 GMT)
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