REG - Law Debenture Corp - Net Asset Value and Portfolio Update

Law DebentureAnnouncement

03/12/2019 07:05

RNS Number : 4091V
Law Debenture Corp PLC
03 December 2019
 


Net Asset Value
 
The Law Debenture Corporation p.l.c. announces that its Net Asset Value ("NAV") with borrowings at par and including fair value of IPS business on 30 November 2019 was 674.93 pence per share (ex income) and 697.29 pence per share (cum income).  With the Corporation's long term debt stated at fair value, the NAV was 642.96 pence per share (ex income) and 665.32 pence per share (cum income).  The mid-market price at the close of business on 30 November 2019 was 610.00 pence per share. 
 
In accordance with listing rule 15.6.8, The Law Debenture Corporation p.l.c. announces that it has no investments in other UK listed investment companies that require to be disclosed. Its top ten holdings, including all holdings with a value greater than 5% of the Corporation's gross assets as at 30 November 2019 are set out below.
 
Top 10 Holdings
 
The top 10 holdings in the investment portfolio as at 30 November 2019 were:
 



 
Rank


 
Name of Holding


% of portfolio (excl. cash)




1.


Royal Dutch Shell


  3.49




2.


GlaxoSmithKline


  3.36




3.


Rio Tinto


2.01




4.


BP


  1.96




5.


HSBC


  1.94




6.


Johnson Service


1.80




7.


Relx


  1.79




8.


AstraZeneca


1.70




9.


Prudential


1.64




10.


National Grid


1.60



 
Geographical Split of investment portfolio
 



 
Region


% of portfolio




UK


73




Europe


8




North America


8




Japan


1




Other Pacific


1




Other


1




Cash and Fixed Interest


8














TOTAL


100



 
 
Released by The Law Debenture Corporation p.l.c., Fifth Floor, 100 Wood Street, London, EC2V 7EX (contact Virginia Duncan, Company Secretariat, 020 7696 5233).
 
 
The Law Debenture Corporation p.l.c. LEI number - 2138006E39QX7XV6PP21




 




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