Scottish Investment Trust PLC Net Asset Value(s) (0144M)

TIDMSCIN

RNS Number : 0144M

Scottish Investment Trust PLC

11 September 2019

 
  To: RNS 
   From: The Scottish Investment Trust PLC 
   LEI: 549300ZL6XSHQ48U8H53 
   Date: 11 September 2019 
Net asset values per share (NAVS) at 10/09/2019 
 
 
Cum - income                                                           Discount 
NAV with borrowings at market value                             907.7      9.3% 
NAV with borrowings at par                                      944.1 
 
Ex - income 
NAV with borrowings at market value                             889.8 
NAV with borrowings at par                                      926.2 
 
 
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. 
 
 
 

For further information please contact:

Michael Woodward / Philip Rorke

0131 550 3761 / 3762

Maitland Administration Services (Scotland) Limited

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September 11, 2019 11:00 ET (15:00 GMT)