NAV at 9 May

13 May 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 9 May 2014 was 477.68 pence per share and NAV Cum Income was 482.73 pence per share, which excludes the proposed 2013 final dividend of 10.50p. With the Corporation's long term debt stated at fair value, the NAV is reduced by 6.64 pence per share. The mid-market price at 9 May 2014 was 520.00 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 30 April 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 30 April 2014

Region
% of Portfolio
UK
72
Europe
6
North America
8
Japan
3
Other Pacific

5

Other -
Cash and Fixed Interest
6
Total 100

Top 10 Holdings at 30 April 2014

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

1

BP 2.96
2
GKN 2.94
3
Senior 2.77
4
Royal Dutch Shell 2.56
5
Rio Tinto 2.32
6 Henderson Japan Capital Growth
2.18
7 Henderson Asia Pacific Capital Growth 2.07
8

GlaxoSmithKline

2.07
9

AstraZeneca

1.97
10

HSBC

1.89
Back to top