Regulatory Story
Go to market news section View chart   Print
RNS

Net Asset Value(s)

Released 12:29 10-Dec-2012

RNS Number : 1524T
Scottish Investment Trust PLC
10 December 2012
 

The Scottish Investment Trust PLC 











 













Net asset values per share (NAVs) at 7 December 2012









 


























Cum - income                                 











NAV with borrowings at market value  

545.8p









NAV with borrowings at par           


577.0p









                                               











Ex - income                                  



Discount








NAV with borrowings at market value  

537.8p

9.6%








NAV with borrowings at par           


568.9p









 













 













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
 
END
 
 
NAVBDBDDRDBBGDG
Close


London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

 


Net Asset Value(s) - RNS