Net Asset Value(s)

RNS Number : 2757U

Law Debenture Corp PLC

29 July 2022

 

The Law Debenture Corporation p.l.c.

Net Asset Value as at 28 July 2022

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 28 July 2022 was 757.04 pence per share (cum income). With the Corporation's long term debt stated at fair value, the NAV was 755.38 pence per share (cum income). The mid-market price at the close of business on 28 July 2022 was 775.00 pence per share.

The NAV has been updated to reflect the change in the valuation of the IPS business, as reported in the 2022 Half Year Report.

Net Asset Value	Excluding Income (pence)	Including Income (pence)
NAV with debt at par	744.22	757.04
NAV with debt at fair value	742.56	755.38

Performance

	YTD %	1 year %	3 years %	5 years %	10 years %
NAV total return (with debt at par) 2	-6.8	-1.5	24.5	35.5	155.8
NAV total return (with debt at fair value) 2	-2.2	2.9	31.0	41.7	158.3
FTSE Actuaries All-Share Index Total Return 3	-1.5	4.3	8.7	20.1	98.2
Share price total return 3	-1.9	4.6	45.1	58.7	176.8
Change in Retail Price Index 4	7.0	11.8	17.4	24.9	40.6

¹ The fair value of the IPS business has been calculated as at 30 June 2022 and was published as part of the half year results announcement on 29 July 2022.

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, June 2022.

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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