TIDMSCIN

RNS Number : 2434K

Scottish Investment Trust PLC

19 September 2016

 
 To: RNS 
  From: The Scottish Investment Trust PLC 
  Date: 19 September 2016 
 Net asset values per share (NAVs) at 16 September 
  2016 
 
 Cum - income 
 NAV with borrowings at market value                    786.6p 
 NAV with borrowings at par                             818.0p 
 
 Ex - income                                                     Discount 
 NAV with borrowings at market value                    771.4p       9.8% 
 NAV with borrowings at par                             802.7p 
 
 Notes: 
 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. 
 
 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. 
 
 "Borrowings at par" is the nominal value of the 
  borrowings less any unamortised issue expenses. 
 
 For further information please contact: 
  Gordon Humphries Philip Rorke 
  0131 550 3758 / 3762 
  R&H Fund Services Limited

This information is provided by RNS

The company news service from the London Stock Exchange

END

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