UK MORTGAGES LIMITED
(a closed-ended investment company incorporated in Guernsey with
registration number 60440 )
Final Net Asset Value
| FUND NAME |
NAV |
ISIN |
NAV DATE |
| UK
Mortgages Limited |
£0.9320 |
GG00BXDZMK63 |
31st August 2016 |
UKML RNS: Commentary accompanying
August NAV
As stated last month, to ensure
timely, detailed fund information and market commentary, the NAV
will be presented separately to the Fund Factsheet.
UKML NAV per share was calculated for August month end at
93.20 pence per share.
The small reduction of 0.14p from the July NAV was a result of
the offset of amortisation of set up expenses of the Fund’s two
mortgage portfolios, Coventry and TML, against income earned on the
Coventry portfolio, and associated minor movements in the interest
swap hedge. From an asset performance perspective, the Coventry
portfolio has been excellent, and with a steady income stream,
whilst TML’s origination got underway in August, with the first
mortgages completing in September.
Further details on existing portfolios and pipeline will follow
in the upcoming factsheet.
Enquiries:
Northern Trust International Fund
Administration Services (Guernsey) Limited
Andrew
Bonham 44 (0)1481 745302
Date: 14 October
2016