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 |
£0.7983 |
GG00BXDZMK63 |
31
January 2022 |
UKML RNS: Commentary accompanying UK
Mortgages Limited January 2022
NAV
The UKML NAV per share was calculated for January 2022 month end at 79.83 pence per share, a decrease of 0.58 pence per share.
The main driver of NAV performance was the quarterly dividend
payment of 1.25 pence per share which
was declared in January.
Excluding the dividend payment, the primary driver of the
monthly NAV came as a result of the positive running income being
generated by the Company’s underlying investments, which
contributed approximately 0.67 pence
per share, although this was boosted slightly by an increased
pull-to-par effect on the assets purchased at a discount due to the
rise in swap rates which occurred during the month.
Following the announcement on 18 March
2022 that the resolutions proposed at that day’s
Extraordinary General Meeting were approved, it is now expected
that the proposed merger of UKML and TwentyFour Income Fund Limited
will complete on 24 March 2022. As a
result, this will be the final UKML NAV to be published.
Enquiries:
Northern Trust International Fund Administration Services
(Guernsey) Limited
Andrew Bonham
44 (0)1481 745302
Date: 22 March 2022