NAV at 19 August

23 August 2016

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 and including fair value of IFS businesses on 19 August 2016 was 582.46 pence per share (ex income) and 593.14 pence per share (cum income), which includes the proposed 2016 interim dividend of 5.20p.  With the Corporation’s long term debt stated at fair value, the NAV was 547.63 pence per share (ex income) and 558.31 pence per share (cum income).  The mid-market price at the close of business on 19 August 2016 was 493.25 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 2016 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 2016

Region % of Portfolio
UK 62
Europe 7
North America 11
Japan 1
Other Pacific 5
Other 2
Cash and Fixed Interest 12
Total 100

Top 10 Holdings at 31 July 2016

Rank Name of Holding % of Portfolio (excl. cash)
1 Royal Dutch Shell
3.18
2 Stewart Investors Pacific
2.22
3 Baillie Gifford Pacific
2.18
4 BP
2.17
5 GKN
2.07
6 Rio Tinto
2.05
7 HSBC
2.04
8 GlaxoSmithKline
2.01
9 Rolls Royce
1.94
10 Senior
1.87
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