Source - RNS
RNS Number : 3012K
City of London Investment Trust PLC
20 September 2016
 

HENDERSON INVESTMENT FUNDS LIMITED

 

THE CITY OF LONDON INVESTMENT TRUST PLC

 

20 September 2016

 

 

Fair value of 4.53% Secured Notes 2029

 

 

For many years, the Company has issued net asset values based on the fair or market value of its debentures and preference shares as well as their par value.  Although the 4.53% secured notes 2029 are unquoted and illiquid, it has become normal practice in the investment trust sector for such instruments to be fair valued for NAV reporting.  Therefore, from 30 September 2016, the Company will fair value the 4.53% secured notes for NAV reporting purposes. The change to the Company's fair value net asset value is expected to be less than 1%.

 

 

For further information, please call:

Job Curtis

Fund Manager

The City of London Investment Trust plc

Telephone: 020 7818 4367

James de Sausmarez

Director and Head of Investment Trusts

Henderson Investment Funds Limited

Telephone: 020 7818 3349

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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