Scottish Investment Trust PLC Net Asset Value(s) (3283M)

TIDMSCIN

RNS Number : 3283M

Scottish Investment Trust PLC

13 September 2019

 
  To: RNS 
   From: The Scottish Investment Trust PLC 
   LEI: 549300ZL6XSHQ48U8H53 
   Date: 13 September 2019 
Net asset values per share (NAVS) at 12/09/2019 
 
 
Cum - income                                               Discount 
NAV with borrowings at market value                 916.9      9.0% 
NAV with borrowings at par                          952.9 
 
Ex - income 
NAV with borrowings at market value                 898.7 
NAV with borrowings at par                          934.7 
 
 
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:

Michael Woodward

0131 550 3761

Maitland Administration Services (Scotland) Limited

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September 13, 2019 11:00 ET (15:00 GMT)