SCIN Scottish Investment Trust Plc

TIDMSCIN

RNS Number : 7669V

Scottish Investment Trust PLC

16 April 2021

 
 To: RNS 
  From: The Scottish Investment Trust PLC 
  LEI: 549300ZL6XSHQ48U8H53 
  Date: 16 April 2021 
 Net asset values per share (NAVs) at 15 April 2021 
 
 Cum - income                                                             Discount 
 NAV with borrowings at market value                              851.3       9.2% 
 NAV with borrowings at par                                       891.7 
 
 Ex - income 
 NAV with borrowings at market value                              845.8 
 NAV with borrowings at par                                       886.2 
 
 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: 
  Maitland Administration Services Limited 
 
  01245 398 950 
 
 

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