Scottish Investment Trust PLC Net Asset Value(s) (3522K)
20 September 2016 - 11:27PM
UK Regulatory
TIDMSCIN
RNS Number : 3522K
Scottish Investment Trust PLC
20 September 2016
To: RNS
From: The Scottish Investment Trust PLC
Date: 20 September 2016
Net asset values per share (NAVs) at 19 September 2016
Cum - income
NAV with borrowings at market value 790.9p
NAV with borrowings at par 822.3p
Ex - income Discount
NAV with borrowings at market value 775.7p 10.3%
NAV with borrowings at par 807.0p
Notes:
In line with our reporting policy, the NAVs are calculated
taking the valuation of investments at closing bid or
last price as the case may be. NAVs are unaudited.
Borrowings at market value is the company's estimate of
the "fair value" of its borrowings. The current estimated
fair value of the company's borrowings is based on the
redemption yield of the relevant existing reference gilt
plus a margin derived from the spread of BBB UK corporate
bond yields (15 years+) over UK gilt yields (15 years+).
The reference gilt for the secured bonds is the 6% UK
Treasury Stock 2028 and the reference gilt for the perpetual
debenture stocks is the longest dated UK Treasury stock
listed in the Financial Times.
"Borrowings at par" is the nominal value of the borrowings less
any unamortised issue expenses.
For further information please contact:
Gordon Humphries / Philip Rorke
0131 550 3758 / 3762
R&H Fund Services Limited
This information is provided by RNS
The company news service from the London Stock Exchange
END
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