UK MORTGAGES
LIMITED
(a closed-ended
investment company incorporated in Guernsey with registration
number 60440 )
LEI
549300388LT7VTHCIT59
Final Net Asset Value
| FUND NAME |
NAV |
ISIN |
NAV DATE |
| UK
Mortgages Limited |
£0.8423 |
GG00BXDZMK63 |
31st July 2018 |
UKML RNS: Commentary accompanying UK
Mortgages Limited July 2018 NAV
The UKML NAV per share was calculated for July 2018 month end at 84.23 pence per share.
The 1.46 pence decrease in the NAV
is driven by the introduction of IFRS 9 loss provisioning for the
company from this month, plus the dividend payment of 1.50 pence during the period. These are partially
offset by the income from the fund’s underlying investments.
The impact of the IFRS 9 expected credit loss provisioning is
0.20 pence on the NAV (unaudited),
significantly lower than the “less than 0.50 pence” impact on NAV
that had been estimated in the fund’s previous factsheets. The
impact of expected credit losses is already modelled in the IRR
calculations for the fund’s portfolios.
The fund’s investments continue to perform exceptionally well,
in line with expectations and more details will be available in the
fund’s next factsheet to be published shortly.
Enquiries:
Northern Trust International Fund Administration Services
(Guernsey) Limited
Andrew
Bonham
44 (0)1481 745302
Date: 14 September
2018