Lowland Investment Co PLC Net Asset Value(s) (1472O)

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RNS Number : 1472O

Lowland Investment Co PLC

27 January 2023

 
 Trust Name      LOWLAND INVESTMENT COMPANY PLC 
 Legal Entity    2138008RHG5363FEHV20 
  Identifier 
 NAV Details     As at close of business on 26 January 
                  2023, the unaudited net asset value 
                  per share calculated in accordance 
                  with the AIC formula (including current 
                  financial year revenue items) was 
                  137.4p and the net asset value per 
                  share with debt marked at fair value 
                  was 139.2p. As the Company's shares 
                  are now ex-dividend, the dividend 
                  has been deducted from the net asset 
                  value. 
 
                  As at close of business on 26 January 
                  2023, the unaudited net asset value 
                  per share (excluding current financial 
                  year revenue items) was 136.5p and 
                  the net asset value per share with 
                  debt marked at fair value was 138.3p. 
 
                  Debt marked at fair value is the Company's 
                  estimate of the "fair value" of its 
                  senior unsecured notes. The current 
                  estimated fair value of the Company's 
                  senior unsecured notes is based on 
                  a discount rate calculated using the 
                  redemption yield of the relevant existing 
                  UK Gilt plus a credit spread. The 
                  discount rate is calculated and updated 
                  monthly and applied daily to determine 
                  the Company's published fair value 
                  NAVs. 
 For further     Wendy King 
  information,    Janus Henderson Investors 
  please call:    Telephone: [phone] 
 

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(END) Dow Jones Newswires

January 27, 2023 08:48 ET (13:48 GMT)