Source - LSE Regulatory
RNS Number : 1507G
Scottish Investment Trust PLC
22 July 2021
 

To:             RNS

From:         The Scottish Investment Trust PLC

LEI:           549300ZL6XSHQ48U8H53

Date:         22 July 2021

 

 

 

Net asset values per share (NAVs) at 21 July 2021






Cum - income                                 


Discount

NAV with borrowings at market value  

849.1

10.8%

NAV with borrowings at par           

890.9


                                               



Ex - income                                  



NAV with borrowings at market value  

843.6


NAV with borrowings at par           

885.4


 



Notes: 



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 398 950






 

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