UKML Uk Mortgages Limited

 
TIDMUKML 
 
UK MORTGAGES LIMITED 
 
 (a closed-ended investment company incorporated in Guernsey with registration 
                                number 60440 ) 
 
                           LEI 549300388LT7VTHCIT59 
 
Final Net Asset Value 
 
         FUND NAME                  NAV                ISIN             NAV DATE 
 
   UK Mortgages Limited           GBP0.8423          GG00BXDZMK63      31st July 2018 
 
UKML RNS: Commentary accompanying UK Mortgages Limited July 2018 NAV 
 
The UKML NAV per share was calculated for July 2018 month end at 84.23 pence 
per share. 
 
The 1.46 pence decrease in the NAV is driven by the introduction of IFRS 9 loss 
provisioning for the company from this month, plus the dividend payment of 1.50 
pence during the period. These are partially offset by the income from the 
fund's underlying investments. 
 
The impact of the IFRS 9 expected credit loss provisioning is 0.20 pence on the 
NAV (unaudited), significantly lower than the "less than 0.50 pence" impact on 
NAV that had been estimated in the fund's previous factsheets. The impact of 
expected credit losses is already modelled in the IRR calculations for the 
fund's portfolios. 
 
The fund's investments continue to perform exceptionally well, in line with 
expectations and more details will be available in the fund's next factsheet to 
be published shortly. 
 
Enquiries: 
 
Northern Trust International Fund Administration Services (Guernsey) Limited 
Andrew Bonham                44 (0)1481 745302 
 
Date: 14 September 2018 
 
 
 
END 
 

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September 14, 2018 13:01 ET (17:01 GMT)

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