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 17 March 2017 was 646.17 pence per share (ex income) and 648.23 pence per share (cum income), which includes the proposed 2016 final dividend of 11.50p. With the Corporation’s long term debt stated at fair value, the NAV was 621.85 pence per share (ex income) and 623.91 pence per share (cum income).  The mid-market price at the close of business on 17 March 2017 was 569.50 pence per share.  The final dividend will be paid, subject to shareholder approval, on 20 April 2017 to holders on the register at the record date of 17 March 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 28 February 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 28 February 2017

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

Top 10 Holdings at 28 February 2017

Rank Name of Holding % of Portfolio (excl. cash)
1 Royal Dutch Shell 3.30
2 Rio Tinto 2.39
3 HSBC 2.35
4 GKN 2.25
5 Rolls Royce 2.22
6 Baillie Gifford Pacific 2.16
7 Stewart Investors Pacific 2.06
8 BP 2.00
9 GlaxoSmithKline 1.70
10 Prudential 1.63
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