Source - LSE Regulatory
RNS Number : 0497M
Law Debenture Corp PLC
16 September 2021
 

The Law Debenture Corporation p.l.c.

Net Asset Value as at 15 September 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 business1 on 15 September 2021 was 815.10 pence per share (cum income). With the Corporation's long term debt stated at fair value, the NAV was 779.08 pence per share (cum income). The mid-market price at the close of business on 15 September 2021 was 763.00 pence per share.

Net Asset Value

Excluding Income (pence)

Including Income (pence)

NAV with debt at par

800.61

815.10

NAV with debt at fair value

764.59

779.08

                

Performance

 

YTD

%

1 year

%

3 years

%

5 years

%

10 years

%

NAV total return (with debt at par)2

19.3

43.5

32.3

64.1

207.3

NAV total return (with debt at fair value)2

21.9

47.7

30.9

67.4

196.9

FTSE Actuaries All-Share Index Total Return3

12.9

22.5

11.4

31.2

113.9

Share price total return3

12.8

55.3

38.8

81.6

228.3

Change in Retail Price Index4

4.1

4.8

8.2

16.0

30.2

                

1 The fair value of the IPS business has been calculated as at 30 June 2021 and was published as part of the half year results announcement on 29 July 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: Office for National Statistics, subject to latest published RPI, August 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, Company Secretariat, 020 7606 5451).

The Law Debenture Corporation p.l.c. LEI number - 2138006E39QX7XV6PP21

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