NAV at 29 February
02 March 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 on 29 February 2016 was 511.20 pence per share (ex income) and 523.29 pence per share (cum income), which includes the proposed 2015 final dividend of 11.00p. With the Corporation’s long term debt stated at fair value, the NAV was 503.78 pence per share (ex income) and 515.87 pence per share (cum income). The mid-market price at the close of business on 29 February 2016 was 450.50 pence per share. The final dividend will be paid, subject to shareholder approval, on 21 April 2016 to holders on the register at the record date of 18 March 2016.
- 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 29 February 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 29 February 2016
|Region||% of Portfolio|
|Cash and Fixed Interest||4
|Rank||Name of Holding||% of Portfolio (excl. cash)|
|1||Henderson Japan Capital Growth||2.68|
|2||Royal Dutch Shell||2.66|
|3||Henderson Asia Pacific Capital Growth
|7||Stewart Investors Pacific
|8||Baillie Gifford Pacific