NAV and Portfolio Information

Net Asset Value

The Corporation publishes its Net Asset Value (‘NAV’) each Tuesday and immediately after each month end.

The Law Debenture Corporation p.l.c. announces that its Net Asset Value (“NAV”) with borrowings at par and including fair value of IPS business on 4 October 2019 was 653.94 pence per share (ex income) and 670.98 pence per share (cum income). With the Corporation’s long term debt stated at fair value, the NAV was 620.51 pence per share (ex income) and 637.54 pence per share (cum income). The mid-market price at the close of business on 4 October 2019 was 574.00 pence per share.

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. Its top ten holdings, including all holdings with a value greater than 5% of the Corporation’s gross assets as at 30 September 2019 are set out below:

Geographical Split and Top Ten Holdings

Immediately following the end of each month, we also publish information about the geographical split and top ten holdings of the portfolio.

The current data is as follows

Geographical Split at 30 September 2019

Region % of Portfolio
UK 72
Europe 8
North America 7
Japan 1
Other Pacific 1
Other 1
Cash and Fixed Interest 10
Total 100

 

Top 10 Holdings at 30 September 2019

Rank Name of Holding % of Portfolio (excl. cash)
1 Royal Dutch Shell 3.93
2 GlaxoSmithKline 3.44
3 BP 2.17
4 HSBC
2.16
5 Rio Tinto
2.07
6 Johnson Service 1.95
7 Relx 1.90
8 Prudential 1.81
9 Rolls Royce
1.72
10 AstraZeneca
1.71