NAV at 31 December 2016

03 January 2017

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 31 December 2016 was 606.31 pence per share (ex income) and 618.10 pence per share (cum income). With the Corporation’s long term debt stated at fair value, the NAV was 581.69 pence per share (ex income) and 593.48 pence per share (cum income). The mid-market price at the close of business on 31 December 2016 was 530.00 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 December 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 December 2016

Region % of Portfolio
UK 64
Europe 7
North America 11
Japan 2
Other Pacific 4
Other 2
Cash and Fixed Interest 10
Total 100

Top 10 Holdings at 31 December 2016

Rank Name of Holding % of Portfolio (excl. cash)
1 Royal Dutch Shell 3.72
2 HSBC 2.49
3 Rio Tinto 2.38
4 BP 2.34
5 GKN 2.15
6 Baillie Gifford Pacific 2.08
7 Stewart Investors Pacific 2.02
8 Prudential 1.71
9 GlaxoSmithKline 1.68
10 Hill & Smith 1.61
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