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 IPS businesses on 13 April 2018 was 665.93 pence per share (ex income) and 669.46 pence per share (cum income), which excludes the proposed 2017 final dividend of 11.80p. With the Corporation’s long term debt stated at fair value, the NAV was 644.87 pence per share (ex income) and 648.41 pence per share (cum income).  The mid-market price at the close of business on 13 April 2018 was 574.00 pence per share. The final dividend will be paid, subject to shareholder approval, on 19 April 2018 to holders on the register at the record date of 16 March 2018.
  • 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 2018 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 2018

Region % of Portfolio
UK 63
Europe 7
North America 8
Japan 2
Other Pacific 4
Other 2
Cash and Fixed Interest 14
Total 100

Top 10 Holdings at 31 March 2018

Rank Name of Holding % of Portfolio (excl. cash)
1 Royal Dutch Shell 4.04
2 HSBC 2.49
3 Senior 2.45
4 Stewart Investors Pacific 2.18
5 BP 2.17
6 GlaxoSmithKline 2.08
7 Baillie Gifford Pacific 2.06
8 Rolls Royce 2.04
9 Rio Tinto 1.92
10 Prudential 1.85
Back to top