Ruffer Investment Company Ltd - Change from Mid to Bid Pricing for NAV Calculations
November 23 2017 - 9:57AM
PR Newswire (US)
23 November
2017
Ruffer Investment
Company Limited
(the “Company”)
Change from Mid to
Bid Pricing for NAV Calculations
In order to conform with International Financial Reporting
Standards (IFRS), the Directors of Ruffer Investment Company
Limited announce that NAV calculations going forward will use bid
prices. To date, and in line with previous market norms, the NAV
calculation has used mid pricing.
The board have taken this decision to ensure consistency with
the audited financial statements and to bring the company into
line with The Association of Investment Companies (AIC)
guidance.
By way of illustration if the bid price
method had been used at the last NAV calculation date it would have
resulted in a reduction in the NAV by 0.2
pence or 0.09%.
All Enquiries:
The Company Secretary
Northern Trust International Fund Administration Services
(Guernsey) Limited
PO Box 255
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: 01481 745001
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