Net Asset Value(s)
Updated : 16:26
The Law Debenture Corporation p.l.c.
Net Asset Value as at 15 November 2024
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 15 November 2024 was 840.99 pence per share (cum income). With the Corporation's long term debt stated at fair value, the NAV was 869.83 pence per share (cum income). The mid-market price at the close of business on 15 November 2024 was 885.00 pence per share.
Net Asset Value | Excluding Income (pence) | Including Income (pence) |
NAV with debt at par | 835.93 | 840.99 |
NAV with debt at fair value | 864.77 | 869.83 |
Performance
| YTD % | 1 year % | 3 years % | 5 years % | 10 years % |
NAV total return (with debt at par)2 | 12.3 | 17.0 | 13.8 | 50.7 | 118.9 |
NAV total return (with debt at fair value)2 | 12.2 | 15.8 | 21.9 | 63.7 | 131.8 |
FTSE Actuaries All-Share Index Total Return3 | 7.9 | 12.3 | 17.4 | 30.1 | 78.5 |
Share price total return3 | 13.8 | 15.5 | 25.4 | 81.7 | 147.7 |
Change in Retail Price Index4 | 2.5 | 2.9 | 24.6 | 33.8 | 50.8 |
1 The fair value of the IPS business has been calculated as at 30 June 2024.
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 Share Price source: Refinitiv.
4 Source: Office for National Statistics, subject to latest published RPI, September 2024.
In accordance with UK listing rule 11.7.8, The Law Debenture Corporation p.l.c. announces that it has no investments in other UK listed closed-ended investment funds that require to be disclosed.
Released by The Law Debenture Corporation p.l.c., 8th Floor, 100 Bishopsgate, London, EC2N 4AG (contact Nicola Lambourne, Company Secretariat, 020 7606 5451).
The Law Debenture Corporation p.l.c. LEI number - 2138006E39QX7XV6PP21
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