NAV at 2 September

06 September 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 02 September 2016 was 585.66 pence per share (ex income) and 592.96 pence per share (cum income), which excludes the proposed 2016 interim dividend of 5.20p.  With the Corporation’s long term debt stated at fair value, the NAV was 550.43 pence per share (ex income) and 557.73 pence per share (cum income).  The mid-market price at the close of business on 02 September 2016 was 488.00 pence per share. The interim dividend will be paid on 9 September 2016 to holders on the register at the record date of 12 August 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 31 August 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 August 2016

Region % of Portfolio
UK 63
Europe 7
North America 11
Japan 2
Other Pacific 5
Other 1
Cash and Fixed Interest 11
Total 100

Top 10 Holdings at 31 August 2016

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