NAV at 22 August

27 August 2014

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 at 22 August 2014 was 480.69 pence per share (ex Income) and 490.28 pence per share (cum income). With the Corporation's long term debt stated at fair value, the NAV is reduced by 7.88 pence per share. The mid-market price at the market close on 22 August 2014 was 534.00 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 2014 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 2014

Region
% of Portfolio
UK
69
Europe
6
North America
8
Japan
3
Other Pacific

6

Other 2
Cash and Fixed Interest
6
Total 100

Top 10 Holdings at 31 July 2014

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

1

BP 2.85
2
GKN 2.60
3
Royal Dutch Shell 2.58
4
Senior 2.55
5
Rio Tinto 2.42
6 Henderson Japan Capital Growth
2.36
7 Henderson Asia Pacific Capital Growth 2.21
8

Baillie Gifford Pacific

2.06
9

HSBC

1.98
10

Velocys

1.88
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