Source - LSE Regulatory
RNS Number : 0705Q
Scottish Investment Trust PLC
23 February 2021
 

To:            RNS

From:       The Scottish Investment Trust PLC

LEI:          549300ZL6XSHQ48U8H53

Date:        23 February 2021

 

Net asset values per share (NAVS) at 22/02/2021

 

 

Cum - income

 

Discount

NAV with borrowings at market value

784.3p

10.0%

NAV with borrowings at par

824.3p

 

                                 

 

 

Ex - income

 

 

NAV with borrowings at market value

776.9p

 

NAV with borrowings at par

816.9p

 

 

 

 

 

 

 

In line with our reporting policy, the NAVs are calculated taking the valuation of investments at closing bid or last price as the case may be. NAVs are unaudited.
Borrowings at market value is the company's estimate of the "fair value" of its borrowings. The current estimated fair value of the company's borrowings is based on the redemption yield of the relevant existing reference gilt plus a margin derived from the spread of BBB UK corporate bond yields (15 years+) over UK gilt yields (15 years+). The reference gilt for the secured bonds is the 6% UK Treasury Stock 2028 and the reference gilt for the perpetual debenture stocks is the longest dated UK Treasury stock listed in the Financial Times.           

 

 

 

"Borrowings at par" is the nominal value of the borrowings less any unamortised issue expenses.

 

For further information, please contact:

Maitland Administration Services Limited

01245 398 960

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NAVBDGDDUDDDGBX
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.