NAV at 15 May

19 May 2015

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 on 15 May 2015 was 501.70 pence per share (ex income) and 508.33 pence per share (cum income), which excludes the 2014 final dividend of 11.00p. With the Corporation's long term debt stated at fair value, the NAV was 491.28 pence per share (ex income) and 497.92 pence per share (cum income). The mid-market price at the close of business on 15 May 2015 was 529.50 pence per share. The final dividend was paid on 23 April 2015 to holders on the register at the record date of 20 March 2015.
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 2015 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 2015

Region
% of Portfolio
UK
69
Europe
6
North America
8
Japan
4
Other Pacific

6

Other 2
Cash and Fixed Interest
5
Total 100

Top 10 Holdings at 30 April 2015

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

1

Senior 2.87
2
Henderson Japan Capital Growth 2.83
3
BP 2.61
4
GKN 2.52
5
Henderson Asia Pacific Capital Growth 2.31
6 Baillie Gifford Pacific
2.15
7 Royal Dutch Shell 1.99
8

First State Asia Pacific

1.97
9

Rio Tinto

1.95
10

HSBC

1.90
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