Scottish Investment Trust PLC Net Asset Value(s) (7900U)
July 16 2018 - 9:32AM
UK Regulatory
TIDMSCIN
RNS Number : 7900U
Scottish Investment Trust PLC
16 July 2018
To: RNS
From: The Scottish Investment Trust PLC
LEI: 549300ZL6XSHQ48U8H53
Date: 16 July 2018
Net asset values per share (NAVs) at 13 July
2018
Cum - income Discount
NAV with borrowings at market value 954.6p 9.0%
NAV with borrowings at par 981.8p
Ex - income
NAV with borrowings at market value 945.4p
NAV with borrowings at par 972.7p
Notes:
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:
Michael Woodward / Philip Rorke
0131 550 3761 / 3762
Maitland Administration Services (Scotland)
Limited
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.
END
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