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RNS

Net Asset Value(s)

Released 12:17 22-Apr-2014

RNS Number : 2242F
Scottish Investment Trust PLC
22 April 2014
 














 













Net asset values per share (NAVs) at 17 April 2014













 


























Cum - income                                 













NAV with borrowings at market value  

641.4p












NAV with borrowings at par           

654.5p












                                               













Ex - income                                  


Discount











NAV with borrowings at market value  

637.9p

10.4%











NAV with borrowings at par           

651.0p












 













 













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 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. 

























 


























 


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