REG - Schiehallion Fund Schiehallion - MNTN - Net Asset Value(s)

Schiehallion FundAnnouncement

12/12/2024 16:00

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RNS Number : 9209P  Schiehallion Fund Limited (The)  12 December 2024

 The Schiehallion Fund Limited (MNTN)
 Legal Entity Identifier : 213800NQOLJA1JCWXQ56

 Net Asset Value as at close of business on 11 December 2024 (US cents per
 ordinary share)
 Cum NAV*                                                                        129.27cents

 Ex NAV                                                                          129.25cents

 *includes accrued income less ongoing costs.

 Net Asset Values are unaudited and calculated in accordance with published
 accounting policies and AIC guidelines.

 Cum Par NAV: Net asset value per share in pence, including income, with debt
 at par value.
 Ex Par NAV: Net asset value per share in pence, excluding income, with debt at
 par value.

 

 

 

Update on Net Asset Value and adjustment to investment in Space Exploration
Technologies Corporation ("SpaceX")

 

The Board notes recent press reports regarding a potential SpaceX employee
tender offer. Today, the Board has been advised by the Manager of a trigger
event that requires an upwards adjustment in the valuation of the Company's
holding in SpaceX in line with its policy for valuing private company
investments. This has been reflected in the Net Asset Value of the Company
which as at close of business on December 11, 2024 stands at 129.27 cents (cum
par).

 

Following that adjustment in valuation the proportion of the Company's total
assets made up by SpaceX stands at 9.7% at close of business on December 11,
2024, compared with 6.7% on November 30, 2024 and 8.5% on October 31, 2024.

 

 

Baillie Gifford & Co Limited

12 December 2024

 

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