NAV and Portfolio Information

Net Asset Value

The Corporation publishes its Net Asset Value (‘NAV’) each Monday 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 IFS businesses on 18 August 2017 was 661.38 pence per share (ex income) and 667.50 pence per share (cum income), which excludes the proposed 2017 interim dividend of 5.50p. With the Corporation’s long term debt stated at fair value, the NAV was 634.69 pence per share (ex income) and 640.81 pence per share (cum income).  The mid-market price at the close of business on 18 August 2017 was 597.50 pence per share. The interim dividend will be paid on 8 September 2017 to holders on the register at the record date of 11 August 2017.
  • 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 2017 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 2017

Region % of Portfolio
UK 64
Europe 7
North America 9
Japan 2
Other Pacific 5
Other 2
Cash and Fixed Interest 11
Total 100

Top 10 Holdings at 31 July 2017

Rank Name of Holding % of Portfolio (excl. cash)
1 Royal Dutch Shell 3.19
2 HSBC 2.69
3 Baillie Gifford Pacific 2.51
4 Rolls Royce 2.27
5 Stewart Investors Pacific 2.08
6 GKN 1.96
7 Senior 1.92
8 BP 1.92
9 Prudential 1.83
10 Rio Tinto 1.78
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