Law Debenture Corp PLC Net Asset Value and Portfolio Update (4496G)
March 01 2018 - 10:56AM
UK Regulatory
TIDMLWDB
RNS Number : 4496G
Law Debenture Corp PLC
01 March 2018
Net Asset Value
The Law Debenture Corporation p.l.c. announces that its Net
Asset Value ("NAV") with borrowings at par and including fair value
of IPS businesses on 28 February 2018 was 666.34 pence per share
(ex income) and 679.86 pence per share (cum income), which includes
the proposed 2017 final dividend of 11.80p. With the Corporation's
long term debt stated at fair value, the NAV was 644.82 pence per
share (ex income) and 658.35 pence per share (cum income). The
mid-market price at the close of business on 28 February 2018 was
586.00 pence per share. The final dividend will be paid, subject to
shareholder approval, on 19 April 2018 to holders on the register
at the record date of 16 March 2018.
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. Its top
ten holdings, including all holdings with a value greater than 5%
of the Corporation's gross assets as at 28 February 2018 are set
out below
Top 10 Holdings
The top 10 holdings in the investment portfolio as at 28
February 2018 were:
Name of Holding % of portfolio
Rank (excl.
cash)
1. Royal Dutch Shell 4.10
2. HSBC 2.67
3. Senior 2.36
4. Stewart Investors Pacific 2.24
5. BP 2.15
6. Baillie Gifford Pacific 2.10
7. Rio Tinto 2.08
8. Rolls Royce 1.96
9. GlaxoSmithKline 1.94
10. Prudential 1.90
Geographical Split of investment portfolio
% of portfolio
Region
UK 60
Europe 7
North America 8
Japan 2
Other Pacific 5
Other 2
Cash and Fixed Interest 16
TOTAL 100
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Released by The Law Debenture Corporation p.l.c., Fifth Floor,
100 Wood Street, London, EC2V 7EX (contact Ian Bowden, Company
Secretariat, 020 7696 5285).
The Law Debenture Corporation p.l.c. LEI number -
2138006E39QX7XV6PP21
This information is provided by RNS
The company news service from the London Stock Exchange
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