Net Asset Value(s)
The Law Debenture Corporation p.l.c.
Net Asset Value as at 17 November 2020
The Law Debenture Corporation p.l.c. announces that its Net Asset Value ("NAV") with borrowings at par and including the fair value of IPS business1 on 17 November 2020 was 646.69 pence per share (cum income). With the Corporation's long term debt stated at fair value, the NAV was 606.20 pence per share (cum income). The mid-market price at the close of business on 17 November 2020 was 611.00 pence per share.
Net Asset Value
Excluding Income (pence)
Including Income (pence)
NAV with debt at par
NAV with debt at fair value
NAV total return (with debt at par)2
NAV total return (with debt at fair value)2
FTSE Actuaries All-Share Index Total Return3
Share price total return3
Change in Retail Price Index4
1 The fair value of the IPS business has been calculated as at 30 June 2020 and was published as part of the interim results announcement on 31 July 2020.
2 NAV is calculated in accordance with the Association of Investment Companies (AIC) methodology, based on performance data held by Law Debenture including fair value of IPS business and long-term borrowings. NAV is shown with debt measured at par and with debt measured at fair value.
3 Source: Refinitiv.
4 Source: Bloomberg, subject to latest published RPI; October 2020.
In accordance with listing rule 15.6.8, The Law Debenture Corporation p.l.c. announces that it has no investments in other UK listed investment companies that require to be disclosed.
Released by The Law Debenture Corporation p.l.c., Fifth Floor, 100 Wood Street, London, EC2V 7EX (contact Alison Skerritt-Black, Company Secretariat, 020 7606 5451).
The Law Debenture Corporation p.l.c. LEI number - 2138006E39QX7XV6PP21