Law Debenture Corp PLC Net Asset Value(s) (7477V)

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RNS Number : 7477V

Law Debenture Corp PLC

16 April 2021

The Law Debenture Corporation p.l.c.

Net Asset Value as at 15 April 2021

The Law Debenture Corporation p.l.c. announces that its Net Asset Value ("NAV") with borrowings at par and including the fair value of IPS business(1) on 15 April 2021 was 766.46 pence per share (cum income). With the Corporation's long term debt stated at fair value, the NAV was 732.11 pence per share (cum income). The mid-market price at the close of business on 15 April 2021 was 753.00 pence per share. The final dividend in respect of the year ending 31 December 2020 of 8.0 pence per share was paid on 15 April 2021.

 
Net Asset Value               Excluding Income (pence)  Including Income (pence) 
NAV with debt at par                            762.93                    766.46 
                              ------------------------  ------------------------ 
NAV with debt at fair value                     728.58                    732.11 
                              ------------------------  ------------------------ 
 

Performance

 
                                                   YTD  1 year  3 years  5 years  10 years 
                                                     %       %        %        %         % 
NAV total return (with debt at par) (2)           11.2    54.9     28.6     67.4     166.3 
------------------------------------------------  ----  ------  -------  -------  -------- 
NAV total return (with debt at fair value) (2)    13.5    58.7     27.6     65.6     157.0 
------------------------------------------------  ----  ------  -------  -------  -------- 
FTSE Actuaries All-Share Index Total Return (3)    9.7    33.4     14.6     41.5      84.0 
------------------------------------------------  ----  ------  -------  -------  -------- 
Share price total return (3)                      10.4    56.0     47.4     86.9     202.3 
------------------------------------------------  ----  ------  -------  -------  -------- 
Change in Retail Price Index (4)                   0.2     1.4      6.4     13.8      28.0 
------------------------------------------------  ----  ------  -------  -------  -------- 
 

(1) The fair value of the IPS business has been calculated as at 31 December 2020 and was published as part of the year end results announcement on 26 February 2021.

(2) NAV is calculated in accordance with the Association of Investment Companies (AIC) methodology, based on performance data held by Law Debenture including fair value of IPS business and long-term borrowings. NAV is shown with debt measured at par and with debt measured at fair value.

(3) Source: Refinitiv.

(4) Source: Bloomberg, subject to latest published RPI; February 2021.

In accordance with listing rule 15.6.8, The Law Debenture Corporation p.l.c. announces that it has no investments in other UK listed investment companies that require to be disclosed.

Released by The Law Debenture Corporation p.l.c., 8th Floor, 100 Bishopsgate, London, EC2N 4AG (contact Alison Skerritt-Black, Company Secretariat, 020 7606 5451).

The Law Debenture Corporation p.l.c. LEI number - 2138006E39QX7XV6PP21

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April 16, 2021 06:04 ET (10:04 GMT)