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viewThe Scottish Investment Trust

Scot.Inv.Trust PLC - Net Asset Value(s)

RNS Number : 9430D
Scottish Investment Trust PLC
12 October 2018
 

To:             RNS

From:         The Scottish Investment Trust PLC

LEI:           549300ZL6XSHQ48U8H53

Date:         12 October 2018

 

 

 

Net asset values per share (NAVs) at 11 October 2018






Cum - income                                 


Discount

NAV with borrowings at market value  

896.9p

8.7%

NAV with borrowings at par           

921.6p


                                               



Ex - income                                  



NAV with borrowings at market value  

885.3p


NAV with borrowings at par           

909.9p


 



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 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 / Philip Rorke

0131 550 3761 / 3762

Maitland Administration Services (Scotland) Limited






 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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