NAV at 6 May

09 May 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 6 May  2016 was 519.02 pence per share (ex income) and 524.86 pence per share (cum income).  With the Corporation’s long term debt stated at fair value, the NAV was 503.09 pence per share (ex income) and 508.94 pence per share (cum income).  The mid-market price at the close of business on 6 May 2016 was 478.00 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 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 30 April 2016

Region % of Portfolio
UK 68
Europe 6
North America 9
Japan 3
Other Pacific 6
Other 2
Cash and Fixed Interest 6
Total 100

Top 10 Holdings at 30 April 2016

Rank Name of Holding % of Portfolio (excl. cash)
1 Royal Dutch Shell
2 Henderson Japan Capital Growth
3 Henderson Asia Pacific Capital Growth
4 BP
6 Senior
7 Hill & Smith
8 Stewart Investors Pacific
9 Rio Tinto
10 Baillie Gifford Pacific
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