Scottish Investment Trust PLC Net Asset Value(s) (5949K)

TIDMSCIN

RNS Number : 5949K

Scottish Investment Trust PLC

22 September 2016

 
 To: RNS 
  From: The Scottish Investment Trust PLC 
  Date: 22 September 2016 
 Net asset values per share (NAVs) at 21 September 2016 
 
 Cum - income 
 NAV with borrowings at market value                              802.2p 
 NAV with borrowings at par                                       834.7p 
 
 Ex - income                                                               Discount 
 NAV with borrowings at market value                              787.0p      11.4% 
 NAV with borrowings at par                                       819.5p 
 
 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: 
  Gordon Humphries / Philip Rorke 
  0131 550 3758 / 3762 
  R&H Fund Services Limited 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 22, 2016 09:35 ET (13:35 GMT)