Scottish Investment Trust PLC Net Asset Value(s) (9945Q)
December 05 2016 - 9:24AM
UK Regulatory
TIDMSCIN
RNS Number : 9945Q
Scottish Investment Trust PLC
05 December 2016
To: RNS
From: The Scottish Investment Trust PLC
Date: 5 December 2016
Net asset values per share (NAVs) at 2 December
2016
Cum - income
NAV with borrowings at market value 828.6p
NAV with borrowings at par 852.7p
Ex - income Discount
NAV with borrowings at market value 809.1p 8.4%
NAV with borrowings at par 833.1p
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
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