REG - City of London IT - Net Asset Value(s)

City Of London Investment TrustAnnouncement

09/10/2025 12:30

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RNS Number : 7748C  City of London Investment Trust PLC  09 October 2025

 Trust Name                             THE CITY OF LONDON INVESTMENT TRUST PLC

 Legal Entity Identifier                213800F3NOTF47H6AO55

 NAV Details                            As at close of business on 8 October 2025, the unaudited net asset value per
                                        share calculated in accordance with the AIC formula (including current
                                        financial year revenue items and excluding shares held in treasury) was 496.4p
                                        and the net asset value per share with debt marked at fair value was 502.2p.

                                        As at close of business on 8 October 2025, the unaudited net asset value per
                                        share (excluding current financial year revenue items and shares held in
                                        treasury) was 491.2p and the net asset value per share with debt marked at
                                        fair value was 496.9p.

                                        Debt marked at fair value is the Company's estimate of the "fair value" of its
                                        senior secured notes. The current estimated fair value of the Company's senior
                                        secured notes is based on a discount rate calculated using the redemption
                                        yield of the relevant existing UK Gilt plus a credit spread determined by the
                                        month-end difference in redemption yields between the  ICE BofAML 5-10 Year A
                                        Sterling Non-Gilt Index and the ICE BofAML 5-10 Year UK Gilt Index for the
                                        4.53% senior secured 2029 notes, and the spread between the redemption yield
                                        of the ICE BofAML 15+ Year A Sterling Non-Gilt Index and the ICE BofAML 15+
                                        Year UK Gilt Index for the 2.67% senior secured 2046 notes and the 2.94%
                                        senior secured 2049 notes. The discount rate is calculated and updated monthly
                                        and applied daily to determine the Company's published fair value NAVs. In
                                        addition, evidence of issues in the private placement market may be taken into
                                        consideration where spreads significantly diverge from those in the public
                                        market.

 For further information, please call:  Janus Henderson Secretarial Services UK Limited

                                        Corporate Secretary

                                        Telephone: 020 7818 1818

 

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