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RNS
viewThe Scottish Investment Trust

Scot.Inv.Trust PLC - Net Asset Value(s)

RNS Number : 6510T
Scottish Investment Trust PLC
21 July 2020
 

To:           RNS

From:       The Scottish Investment Trust PLC

LEI:          549300ZL6XSHQ48U8H53

Date:        21 July 2020

 

Net asset values per share (NAVS) at 20/07/2020



Cum - income


Discount

NAV with borrowings at market value

839.2p

10.6%

NAV with borrowings at par

878.4p


                                 



Ex - income



NAV with borrowings at market value

832.7p


NAV with borrowings at par

871.9p






In line with our reporting policy, the NAVs are calculated taking the valuation of investments at closing bid or last price as the case may be. NAVs are unaudited.
Borrowings at market value is the company's estimate of the "fair value" of its borrowings. The current estimated fair value of the company's borrowings is based on the redemption yield of the relevant existing reference gilt plus a margin derived from the spread of BBB UK corporate bond yields (15 years+) over UK gilt yields (15 years+). The reference gilt for the secured bonds is the 6% UK Treasury Stock 2028 and the reference gilt for the perpetual debenture stocks is the longest dated UK Treasury stock listed in the Financial Times.           




"Borrowings at par" is the nominal value of the borrowings less any unamortised issue expenses.

 

For further information, please contact:

Maitland Administration Services Limited

01245 398 960

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: The Scottish Investment Trust

Price: -

Market: LSE
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