Net Asset Value(s) - replacement
Source: RNS|
From: The Scottish Investment Trust PLC LEI: 549300ZL6XSHQ48U8H53 Date: 18 June 2019
The following amendment has been made to the 'Net Asset Values' announcement released on 17 June 2019 at 16.38 under RNS No 5232C.
The ex-income NAV figures were incorrect and have been corrected.
All other details remain unchanged.
The full amended text is shown below.
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Net asset values per share (NAVs) at 14 June 2019 |
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Cum - income |
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Discount |
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NAV with borrowings at market value |
888.2p |
9.4% |
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NAV with borrowings at par |
920.5p |
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Ex - income |
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NAV with borrowings at market value |
872.6p |
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NAV with borrowings at par |
905.0p |
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Notes: |
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In line with our reporting policy, the NAVs are calculated taking the valuation of investments at closing bid or last price as the case may be. NAVs are unaudited. |
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Borrowings at market value is the company's estimate of the "fair value" of its borrowings. The current estimated fair value of the company's borrowings is based on the redemption yield of the relevant existing reference gilt plus a margin derived from the spread of BBB UK corporate bond yields (15 years+) over UK gilt yields (15 years+). The reference gilt for the secured bonds is the 6% UK Treasury Stock 2028 and the reference gilt for the perpetual debenture stocks is the longest dated UK Treasury stock listed in the Financial Times. |
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"Borrowings at par" is the nominal value of the borrowings less any unamortised issue expenses. |
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For further information please contact: Michael Woodward / Philip Rorke 0131 550 3761 / 3762 Maitland Administration Services (Scotland) Limited |
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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
