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 businesses on 12 April 2019 was 673.41 pence per share (ex income) and 678.54 pence per share (cum income), which excludes the 2018 final dividend of 12.90p. With the Corporation’s long term debt stated at fair value, the NAV was 650.15 pence per share (ex income) and 655.27 pence per share (cum income). The mid-market price at the close of business on 12 April 2019 was 596.00 pence per share. The final dividend will be paid on 18 April 2019 to holders on the register at the record date of 15 March 2019.

  • 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 31 March 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 31 March 2019

Region % of Portfolio
UK 68
Europe 7
North America 8
Japan 1
Other Pacific 4
Other 1
Cash and Fixed Interest 11
Total 100

 

Top 10 Holdings at 31 March 2019

 

Rank Name of Holding % of Portfolio (excl. cash)
1 Royal Dutch Shell 4.16
2 GlaxoSmithKline 2.52
3 BP 2.45
4 Rio Tinto 2.29
5 HSBC 2.25
6 Rolls Royce 2.04
7 Prudential 1.97
8 Stewart Investors Pacific 1.86
9 Senior 1.75
10 Johnson Service 1.72