REG-Alliance Trust PLC : Net Asset Value(s) <Origin Href="QuoteRef">ATST.L</Origin>

Alliance TrustAnnouncement

15/12/2017 13:55

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ALLIANCE TRUST PLC
                                   
At the close of business on Thursday 14 December 2017:

The Company's NAV per ordinary share, valued on a bid price basis with Debt at
Par, was

-       excluding income, 780.8p

-       including income, 784.2p
  
The Company's NAV per ordinary share, valued on a bid price basis with Debt at
Fair Value, was

-       excluding income, 774.8p

-       including income, 778.2p

For further information, please contact:-

 Alliance Trust PLC       
 Tel. +44 (0)1382 321010  

Notes
1. Net Asset Values are calculated in accordance with published accounting
policies and AIC guidelines. 
2. The fair value of the Company's fixed loan notes is calculated by reference
to a benchmark gilt. 
3. The dividend of 3.29p, due to be paid on 2 January 2018, has been deducted
from each of the 'including income' figures cited above as from 7 December
2017, being the date upon which the Company's shares went ex-dividend. 
4. Correction to Previous Ex Income NAV's - on the 9th March 2017 an error
occurred in the accounting of the transfer of undistributed prior year revenue
from income to capital as part of the 2016 year-end closedown process.  This
resulted in the published NAV excluding income price being undervalued for the
period from 9th March 2017 to 6th December 2017, with a maximum impact of 42.9
bps occurring on 19th April 2017. The error was corrected on the 7th December
2017. For the avoidance of doubt, the NAV including income figure (by
reference to which the Board has considered utilising its share buyback
powers) has been correctly stated at all times. The correct series of data is
available from the Company on request. 
  


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The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Alliance Trust PLC via Globenewswire