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 16 August 2019 was 641.62 pence per share (ex income) and 652.25 pence per share (cum income), which excludes the 2019 interim dividend of 6.6p. With the Corporation’s long term debt stated at fair value, the NAV was 607.46 pence per share (ex income) and 618.09 pence per share (cum income). The mid-market price at the close of business on 16 August 2019 was 564.00 pence per share. The interim dividend will be paid on 6 September 2019 to holders on the register at the record date of 9 August 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 July 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 July 2019

Region % of Portfolio
UK 70
Europe 7
North America 8
Japan 1
Other Pacific 4
Other 1
Cash and Fixed Interest 9
Total 100

 

Top 10 Holdings at 31 July 2019

Rank Name of Holding % of Portfolio (excl. cash)
1 Royal Dutch Shell 4.20
2 GlaxoSmithKline 3.30
3 Rio Tinto 2.28
4 BP
2.26
5 HSBC
2.24
6 Prudential 2.05
7 Johnson Service 1.96
8 Relx 1.89
9 Rolls Royce
1.84
10 Stewart Investors
1.68