RNS Number : 6769F
Law Debenture Corp PLC
25 September 2024
 

The Law Debenture Corporation p.l.c.

Net Asset Value as at 24 September 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 business1 on 24 September 2024 was 855.29 pence per share (cum income). With the Corporation's long term debt stated at fair value, the NAV was 881.67 pence per share (cum income). The mid-market price at the close of business on 24 September 2024 was 891.00 pence per share.

The second interim dividend of 8.0 pence per ordinary share will be paid on 24th October 2024 to shareholders on the register at the record date of 27th September 2024.

Net Asset Value

Excluding Income (pence)

Including Income (pence)

NAV with debt at par

848.84

855.29

NAV with debt at fair value

875.22

881.67

                

Performance

YTD

%

1 year

%

3 years

%

5 years

%

10 years

%

NAV total return (with debt at par)2

13.1

15.5

18.2

53.0

118.3

NAV total return (with debt at fair value)2

12.7

14.3

27.0

66.2

130.2

FTSE Actuaries All-Share Index Total Return3

10.1

12.5

24.2

33.1

78.4

Share price total return3

13.6

13.5

30.9

84.9

139.4

Change in Retail Price Index4

2.9

3.5

26.8

33.7

51.7

                

1 The fair value of the IPS business has been calculated as at 30 June 2024.

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, August 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 Nicola Lambourne, Company Secretariat, 020 7606 5451).

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

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NAVBUGDCDGDDGSU
Law Debenture (LSE:LWDB)
Historical Stock Chart
From Oct 2024 to Oct 2024 Click Here for more Law Debenture Charts.
Law Debenture (LSE:LWDB)
Historical Stock Chart
From Oct 2023 to Oct 2024 Click Here for more Law Debenture Charts.