Janus Henderson NAV - Net Asset Value(s)
JANUS HENDERSON FUND MANAGEMENT UK LIMITED
5 June 2026
Trust Name
LOWLAND INVESTMENT COMPANY PLC
Legal Entity Identifier
2138008RHG5363FEHV19
NAV Details
As at close of business on 4 June 2026, 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 186.1p and the net asset value per share with debt marked at fair value was 188.8p.
As at close of business on 4 June 2026, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 182.6p and the net asset value per share with debt marked at fair value was 185.4p.
Debt marked at fair value is the Company's estimate of the "fair value" of its senior unsecured notes. The current estimated fair value of the Company's senior unsecured notes is based on a discount rate calculated using the redemption yield of the relevant existing UK Gilt plus a credit spread. The discount rate is calculated and updated monthly and applied daily to determine the Company's published fair value NAVs.
For further information, please call:
Janus Henderson Secretarial Services UK Limited
Corporate Secretary
Telephone: 020 7818 1818
Trust Name
THE NORTH AMERICAN INCOME TRUST PLC
Legal Entity Identifier
5493007GCUW7G2BKY360
NAV Details
As at close of business on 4 June 2026, 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 424.6p and the net asset value per share with debt marked at fair value was 428.0p.
As at close of business on 4 June 2026, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 421.5p and the net asset value per share with debt marked at fair value was 424.9p.
Debt marked at fair value is the Company's estimate of the "fair value" of its senior unsecured notes. The current estimated fair value of the Company's senior unsecured notes is based on a discount rate calculated using the redemption yield of the relevant US Treasury plus a credit spread determined by the month-end difference in redemption yields of the ICE BofA 3-5 Year Single-A US Corporate Index for the 2.7% senior unsecured 2030 notes and the ICE BofA 5-10 Year Single-A US Corporate Index for the 2.96% senior unsecured 2035 notes. The discount rate is calculated and updated monthly and applied daily to determine the Company's published fair value NAVs.
For further information,
please call
Janus Henderson Secretarial Services UK Limited
Corporate Secretary
Telephone: 020 7818 1818
Trust Name
THE BANKERS INVESTMENT TRUST PLC
Legal Entity Identifier
213800B9YWXL3X1VMZ69
NAV Details
As at close of business on 4 June 2026, 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 159.8p and the net asset value per share with debt marked at fair value was 163.6p.
As at close of business on 4 June 2026, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 159.3p and the net asset value per share with debt marked at fair value was 163.1p.
The current estimated fair value of the Company's GBP denominated unsecured loan notes is based on a discount rate calculated using the yield of a UK Gilt of a similar maturity plus a credit spread. The current estimated fair value of the Company's Euro denominated unsecured loan notes is based on a discount rate calculated using the yield of a Euro Swap of similar maturity plus a credit spread.
For further information, please call:
Janus Henderson Secretarial Services UK Limited
Corporate Secretary
Telephone: 020 7818 1818
Trust Name
HENDERSON HIGH INCOME TRUST PLC
Legal Entity Identifier
213800OEXAGFSF7Y6G11
NAV Details
As at close of business on 4 June 2026, 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 204.3p and the net asset value per share with debt marked at fair value was 205.4p.
As at close of business on 4 June 2026, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 201.0p and the net asset value per share with debt marked at fair value was 202.0p.
Debt marked at fair value is the Company's estimate of the "fair value" of its senior unsecured notes. The current estimated fair value of the Company's senior unsecured 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. The discount rate is calculated and updated monthly and applied daily to determine the Company's published fair value NAVs.
For further information, please call:
Janus Henderson Secretarial Services UK Limited
Corporate Secretary
Telephone: 020 7818 1818
Trust Name
THE CITY OF LONDON INVESTMENT TRUST PLC
Legal Entity Identifier
213800F3NOTF47H6AO55
NAV Details
As at close of business on 4 June 2026, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items) was 541.8p and the net asset value per share with debt marked at fair value was 547.6p.
As at close of business on 4 June 2026, the unaudited net asset value per share (excluding current financial year revenue items) was 537.0p and the net asset value per share with debt marked at fair value was 542.8p.
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
Trust Name
THE EUROPEAN SMALLER COMPANIES TRUST PLC
Legal Entity Identifier
213800N1B1HCQG2W4V90
NAV Details
As at close of business on 4 June 2026, 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 261.4p.
As at close of business on 4 June 2026, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 261.4p.
For further information, please call:
Janus Henderson Secretarial Services UK Limited
Corporate Secretary
Telephone: 020 7818 1818
Trust Name
THE HENDERSON SMALLER COMPANIES INVESTMENT TRUST PLC
Legal Entity Identifier
213800NE2NCQ67M2M998
NAV Details
As at close of business on 4 June 2026, 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 992.3p.
As at close of business on 4 June 2026, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 971.1p.
For further information,
please call:
Janus Henderson Secretarial Services UK Limited
Corporate Secretary
Telephone: 020 7818 1818
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