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Company Scottish Investment Trust PLC
TIDM SCIN
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Net Asset Value(s)

Released 13:54 30-Nov-2012
Number 4610S13

RNS Number : 4610S
Scottish Investment Trust PLC
30 November 2012
 

The Scottish Investment Trust PLC 











 













Net asset values per share (NAVs) at 29 November 2012









 


























Cum - income                                 











NAV with borrowings at market value  

543.1p









NAV with borrowings at par           


574.8p









                                               











Ex - income                                  



Discount








NAV with borrowings at market value  

535.2p

9.6%








NAV with borrowings at par           


566.9p









 













 













Notes: 













 













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 AA UK corporate bond yields (15 year+) over UK gilt yields (15 year+).







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. 




















 















































































































































 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Net Asset Value(s) - RNS