NAV at 21 March
24 March 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 (NAV Ex Income) at 21 March 2014 was 475.45 pence per share and NAV Cum Income was 488.76 pence per share, which includes the proposed 2013 final dividend of 10.50p. With the Corporation's long term debt stated at fair value, the NAV is reduced by 6.01 pence per share. The mid-market price at 21 March 2014 was 507.00 pence per share. The final dividend will be paid, subject to shareholder approval, on 17 April 2014 to holders on the register at the record date of 21 March 2014.
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 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 28 February 2014
||% of Portfolio
|Cash and Fixed Interest
||Name of Holding
||% of Portfolio (excl. cash)
||Royal Dutch Shell||2.29
|6||Henderson Japan Capital Growth
Henderson Asia Pacific Capital Growth
Baillie Gifford Pacific