NAV at 26 August
31 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 26 August 2016 was 583.13 pence per share (ex income) and 588.60 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 547.20 pence per share (ex income) and 552.67 pence per share (cum income). The mid-market price at the close of business on 26 August 2016 was 489.00 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 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|
|Cash and Fixed Interest||12
|Rank||Name of Holding||% of Portfolio (excl. cash)|
|1||Royal Dutch Shell
|2||Stewart Investors Pacific
|3||Baillie Gifford Pacific