Scottish Investment Trust PLC Net Asset Value(s) (3283M)
14 September 2019 - 1:00AM
UK Regulatory
TIDMSCIN
RNS Number : 3283M
Scottish Investment Trust PLC
13 September 2019
To: RNS
From: The Scottish Investment Trust PLC
LEI: 549300ZL6XSHQ48U8H53
Date: 13 September 2019
Net asset values per share (NAVS) at 12/09/2019
Cum - income Discount
NAV with borrowings at market value 916.9 9.0%
NAV with borrowings at par 952.9
Ex - income
NAV with borrowings at market value 898.7
NAV with borrowings at par 934.7
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
0131 550 3761
Maitland Administration Services (Scotland) Limited
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NAVBXGDCSDBBGCX
(END) Dow Jones Newswires
September 13, 2019 11:00 ET (15:00 GMT)
Scottish Investment (LSE:SCIN)
Historical Stock Chart
From Apr 2024 to May 2024
Scottish Investment (LSE:SCIN)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Scottish Investment Trust Plc (London Stock Exchange): 0 recent articles
More Scottish Investment Trust Plc News Articles