26th Sep 2016 15:50
To: RNS From: The Scottish Investment Trust PLC Date: 26 September 2016
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Net asset values per share (NAVs) at 23 September 2016 |
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Cum - income |
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NAV with borrowings at market value | 810.1p |
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NAV with borrowings at par | 843.5p |
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Ex - income |
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NAV with borrowings at market value | 794.9p | 11.7% |
NAV with borrowings at par | 828.3p |
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Notes: |
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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. |
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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. |
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"Borrowings at par" is the nominal value of the borrowings less any unamortised issue expenses. |
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For further information please contact: Gordon Humphries Philip Rorke 0131 550 3758 / 3762 R&H Fund Services Limited |
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Related Shares:
SCIN.L