UK MORTGAGES LIMITED
(a closed-ended investment company incorporated in Guernsey with
registration number 60440)
LEI 549300388LT7VTHCIT59
Final Net Asset Value
| FUND NAME |
NAV |
ISIN |
NAV DATE |
| UK
Mortgages Limited |
£0.8355 |
GG00BXDZMK63 |
30th September 2020 |
UKML RNS: Commentary accompanying UK
Mortgages Limited September 2020
NAV
The UKML NAV per share was calculated for September 2020 month end at 83.55 pence per share, an increase of
2.53 pence per share.
As indicated in the commentary accompanying the August NAV, the
Company repurchased c. 41m shares in
September following the Oat Hill refinancing as planned. The
repurchase of shares at a discount contributed 2.24 pence per share to the uplift in this
month’s NAV. This repurchase of shares will also reduce the
dividend funding requirement going forward furthering the path
towards a fully covered dividend.
The remaining increase was driven by the income earned from the
Company’s underlying investments.
Meanwhile, the Company’s investments continue to perform in line
with expectations and more details will be available in the
Company’s next factsheet to be published shortly.
Enquiries:
Northern Trust International Fund Administration Services
(Guernsey) Limited
Andrew Bonham
44 (0)1481 745302
Date: 27 November 2020