UK MORTGAGES LIMITED
(a closed-ended investment company incorporated in Guernsey with
registration number 60440 )
Final Net Asset Value
| FUND NAME |
NAV |
ISIN |
NAV DATE |
| UK
Mortgages Limited |
£0.8874 |
GG00BXDZMK63 |
30th
April 2017 |
UKML RNS: Commentary accompanying UK
Mortgages Limited April 2017 NAV
The UKML NAV per share was calculated for April month-end at
88.74 pence per share.
The reduction in the NAV was driven mostly by the dividend
payment of 1.5 pence per share, which
was partially offset by the accrual of the underlying
investments.
As reported in the recent announcement, the CHL portfolio
purchased in February 2017 has now
been securitised with £477.1m of Triple-A rated bonds issued at a
yield of 3m LIBOR + 85bps, settling on 26th June.
Following the securitisation, the portfolio managers continue to
seek further investment opportunities.
More details on the portfolio and pipeline will be provided in
the fund’s factsheet to be published shortly, and in the webinar
scheduled for 26th June
2017.
Enquiries:
Northern Trust International Fund
Administration Services (Guernsey) Limited
Andrew
Bonham 44 (0)1481 745302
Date: 13 June
2017