City of London Investment Trust PLC Net Asset Value(s) (8724L)

TIDMCTY

RNS Number : 8724L

City of London Investment Trust PLC

15 January 2021

 
 Trust Name                 THE CITY OF LONDON INVESTMENT TRUST PLC 
 Legal Entity Identifier    213800F3NOTF47H6AO55 
 NAV Details                As at close of business on 14 January 2021, the 
                             unaudited net asset value per share calculated 
                             in accordance with the AIC formula (including 
                             current financial year revenue items) was 370.8p 
                             and the net asset value per share with debt marked 
                             at fair value was 364.7p 
 
                             As at close of business on 14 January 2021, the 
                             unaudited net asset value per share (excluding 
                             current financial year revenue items) was 367.9p 
                             and the net asset value per share with debt marked 
                             at fair value was 361.7p. 
 
                             Debt marked at fair value is the Company's estimate 
                             of the "fair value" of its senior secured notes. 
                             The current estimated fair value of the Company's 
                             senior secured notes is based on a discount rate 
                             calculated using the redemption yield of the 
                             relevant existing UK Gilt plus a credit spread 
                             determined by the difference in redemption yields 
                             between the ICE BofAML 5-10 Year A Sterling Non-Gilt 
                             Index and the ICE BofAML 5-10 Year UK Gilt Index 
                             for the 4.53% senior secured 2029 notes, and 
                             the spread between the redemption yield of the 
                             ICE BofAML 15+ Year A Sterling Non-Gilt Index 
                             and the ICE BofAML 15+ Year UK Gilt Index for 
                             the 2.94% senior secured 2049 notes. The discount 
                             rate is calculated and updated at each month-end 
                             and applied daily to determine the Company's 
                             published fair value NAVs. 
 For further information,   Wendy King 
  please call:               Janus Henderson Investors 
                             Telephone: [phone] 
 
 

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January 15, 2021 06:30 ET (11:30 GMT)