NAV at 31 July

01 August 2013

Net Asset Value

The Corporation publishes its Net Asset Value (‘NAV’) each Monday and immediately after each month end.

  • The Board of The Law Debenture Corporation p.l.c. announces that its Net Asset Value (NAV Ex Income) at 31 July 2013 was 445.74 pence per share and NAV Cum Income was 455.53 pence per share. With the Corporation's long term debt stated at fair value, the NAV is reduced by 5.42 pence per share. The mid-market price at 31 July 2013 was 497.50 pence per share.
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 2013 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 2013

Region
% of Portfolio
UK
65
Europe
7
North America
7
Japan
3
Other Pacific

6

Other -
Cash and Fixed Interest
12
Total 100

Top 10 Holdings at 31 July 2013

Rank
Name of Holding
% of Portfolio (excl. cash)

1

UK Treasury 2.25% 07/03/14 6.01
2
Senior 2.87
3
GKN 2.87
4
Henderson Japan Capital Growth 2.58
5
BP 2.34
6 GlaxoSmithKline
2.24
7 Henderson Asia Pacific Capital Growth
2.22
8

Royal Dutch Shell

2.06
9

HSBC

1.99
10

Baillie Gifford Pacific

1.90
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