Alliance Trust PLC Alliance Trust Plc : Net Asset Value(s)
December 15 2017 - 8:52AM
UK Regulatory
TIDMATST
ALLIANCE TRUST PLC
At the close of business on Thursday 14 December 2017:
The Company's NAV per ordinary share, valued on a bid price basis with
Debt at Par, was
- excluding income, 780.8p
- including income, 784.2p
The Company's NAV per ordinary share, valued on a bid price basis with
Debt at Fair Value, was
- excluding income, 774.8p
- including income, 778.2p
For further information, please contact:-
Alliance Trust PLC
Tel. +44 (0)1382 321010
Notes
1. Net Asset Values are calculated in accordance with published accounting
policies and AIC guidelines.
2. The fair value of the Company's fixed loan notes is calculated by
reference to a benchmark gilt.
3. The dividend of 3.29p, due to be paid on 2 January 2018, has been
deducted from each of the 'including income' figures cited above as from
7 December 2017, being the date upon which the Company's shares went
ex-dividend.
4. Correction to Previous Ex Income NAV's - on the 9th March 2017 an error
occurred in the accounting of the transfer of undistributed prior year
revenue from income to capital as part of the 2016 year-end closedown
process. This resulted in the published NAV excluding income price being
undervalued for the period from 9th March 2017 to 6th December 2017, with
a maximum impact of 42.9 bps occurring on 19th April 2017. The error was
corrected on the 7th December 2017. For the avoidance of doubt, the NAV
including income figure (by reference to which the Board has considered
utilising its share buyback powers) has been correctly stated at all
times. The correct series of data is available from the Company on
request.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Alliance Trust PLC via Globenewswire
http://www.alliancetrusts.com
(END) Dow Jones Newswires
December 15, 2017 08:52 ET (13:52 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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