REG - Law Debenture Corp - Net Asset Value(s)

Law DebentureAnnouncement

22/03/2024 07:00

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RNS Number : 8743H  Law Debenture Corp PLC  22 March 2024

The Law Debenture Corporation p.l.c.

Net Asset Value as at 20 March 2024

The Law Debenture Corporation p.l.c. announces that its Net Asset Value
("NAV") with borrowings at par and including the fair value of IPS business(1)
on 20 March 2024 was 800.39 pence per share (cum income). With the
Corporation's long term debt stated at fair value, the NAV was 827.31 pence
per share (cum income). The mid-market price at the close of business on 20
March 2024 was 771.00 pence per share.

 Net Asset Value              Excluding Income (pence)  Including Income (pence)
 NAV with debt at par         791.07                    800.39
 NAV with debt at fair value  818.00                    827.31

 

Performance

                                                 YTD   1 year  3 years  5 years  10 years

                                                 %     %       %        %        %
 NAV total return (with debt at par)(2)          4.8   12.0    22.5     48.4     109.3
 NAV total return (with debt at fair value)(2)   4.8   12.0    32.3     59.5     120.9
 FTSE Actuaries All-Share Index Total Return(3)  0.8   8.8     23.0     27.3     72.4
 Share price total return(3)                     -2.6  2.5     21.6     66.5     115.8
 Change in Retail Price Index(4)                 0.5   4.5     28.7     33.7     49.9

 

(1) The fair value of the IPS business has been calculated as at 31 December
2023.

(2) NAV is calculated in accordance with the Association of Investment
Companies (AIC) methodology, based on performance data held by Law Debenture
including fair value of IPS business and long-term borrowings. NAV is shown
with debt measured at par and with debt measured at fair value.

(3) Share Price source: Refinitiv.

(4) Source: Office for National Statistics, subject to latest published RPI,
February 2024.

 

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.

Released by The Law Debenture Corporation p.l.c., 8th Floor, 100 Bishopsgate,
London, EC2N 4AG (contact Alison Skerritt, Company Secretariat, 020 7606
5451).

The Law Debenture Corporation p.l.c. LEI number - 2138006E39QX7XV6PP21

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