Scottish Investment Trust PLC Net Asset Value(s) (2822C)
17 June 2021 - 10:04PM
UK Regulatory
TIDMSCIN
RNS Number : 2822C
Scottish Investment Trust PLC
17 June 2021
To: RNS
From: The Scottish Investment Trust PLC
LEI: 549300ZL6XSHQ48U8H53
Date: 17 June 2021
Net asset values per share (NAVs) at 16 June 2021
Cum - income Discount
NAV with borrowings at market value 907.2 9.2%
NAV with borrowings at par 947.3
Ex - income
NAV with borrowings at market value 896.8
NAV with borrowings at par 937.0
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:
Maitland Administration Services Limited
01245 398 950
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