TIDMSCIN

RNS Number : 9016Z

Scottish Investment Trust PLC

23 September 2020

 
 To: RNS 
  From: The Scottish Investment Trust PLC 
  LEI: 549300ZL6XSHQ48U8H53 
  Date: 23 September 2020 
 Net asset values per share (NAVS) at 22/09/2020 
 
 
 Cum - income                                                   Discount 
 NAV with borrowings at market value                 809.8p        12.8% 
 NAV with borrowings at par                          848.6p 
 
 Ex - income 
 NAV with borrowings at market value                 800.7p 
 NAV with borrowings at par                          839.5p 
 
 
 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:

Maitland Administration Services Limited

01245 398 960

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September 23, 2020 08:09 ET (12:09 GMT)

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