Net Asset Value(s)
The Law Debenture Corporation p.l.c.
Net Asset Value as at 11 June 2021
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 11 June 2021 was 794.22 pence per share (cum income) which includes the proposed 2021 first interim dividend of 6.875 pence per share as the shares went ex-dividend on 03 June 2021. With the Corporation's long term debt stated at fair value, the NAV was 760.25 pence per share (cum income). The mid-market price at the close of business on 11 June 2021 was 775.00 pence per share. The first interim dividend will be paid on 07 July 2021 to shareholders on the register at the record date of 04 June 2021.
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 31 December 2020 and was published as part of the year end results announcement on 26 February 2021.
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 subject to latest published RPI; April 2021.
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., 8th Floor, 100 Bishopsgate, London, EC2N 4AG (contact Alison Skerritt-Black, Company Secretariat, 020 7606 5451).
The Law Debenture Corporation p.l.c. LEI number - 2138006E39QX7XV6PP21