Scottish Investment Trust PLC Net Asset Value(s) (6298C)
19 April 2017 - 12:45AM
UK Regulatory
TIDMSCIN
RNS Number : 6298C
Scottish Investment Trust PLC
18 April 2017
To: RNS
From: The Scottish Investment Trust PLC
LEI: 549300ZL6XSHQ48U8H53
Date: 18 April 2017
Net asset values per share (NAVs) at 13 April
2017
Cum - income
NAV with borrowings at market value 882.7p
NAV with borrowings at par 915.8p
Ex - income Discount
NAV with borrowings at market value 872.6p 8.2%
NAV with borrowings at par 905.7p
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:
Michael Woodward / Philip Rorke
0131 550 3761 / 3762
R&H Fund Services Limited
This information is provided by RNS
The company news service from the London Stock Exchange
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