Law Debenture Corp PLC Net Asset Value and Portfolio Update (3896B)
03 April 2017 - 9:51PM
UK Regulatory
TIDMLWDB
RNS Number : 3896B
Law Debenture Corp PLC
03 April 2017
Net Asset Value
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 March 2017 was 638.58 pence per share (ex
income) and 642.40 pence per share (cum income), which excludes the
proposed 2016 final dividend of 11.50p. With the Corporation's long
term debt stated at fair value, the NAV was 612.85 pence per share
(ex income) and 616.67 pence per share (cum income). The mid-market
price at the close of business on 31 March 2017 was 552.00 pence
per share. The final dividend will be paid, subject to shareholder
approval, on 20 April 2017 to holders on the register at the record
date of 17 March 2017.
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 March 2017 are set out
below
Top 10 Holdings
The top 10 holdings in the investment portfolio as at 31 March
2017 were:
Name of Holding % of portfolio
Rank (excl.
cash)
1. Royal Dutch Shell 3.25
2. HSBC 2.32
3. Rio Tinto 2.28
4. GKN 2.22
5. Baillie Gifford Pacific 2.22
6. Rolls Royce 2.09
7. Stewart Investors Pacifc 2.07
8. BP 1.98
9. GlaxoSmithKline 1.68
10. Prudential 1.67
Geographical Split of investment portfolio
% of portfolio
Region
UK 66
Europe 7
North America 11
Japan 2
Other Pacific 5
Other 2
Cash and Fixed Interest 7
TOTAL 100
---------------
Released by The Law Debenture Corporation p.l.c., Fifth Floor,
100 Wood Street, London, EC2V 7EX (contact Ian Bowden, Company
Secretariat, 020 7696 5285).
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLLFSLSEIVIID
(END) Dow Jones Newswires
April 03, 2017 07:51 ET (11:51 GMT)
Law Debenture (LSE:LWDB)
Historical Stock Chart
From Apr 2024 to May 2024
Law Debenture (LSE:LWDB)
Historical Stock Chart
From May 2023 to May 2024