Net Asset Value

The Law Debenture Corporation p.l.c. announces that its Net Asset Value ('NAV') with borrowings at par and including fair value of IPS businesses on 30 November 2018was 646.88pence per share (ex income) and 660.11pence per share (cum income). With the Corporation's long term debt stated at fair value, the NAV was 631.64pence per share (ex income) and 644.87pence per share (cum income). The mid-market price at the close of business on 30 November 2018was 564.00pence per share.

In accordance with listing rule 15.6.8, The Law Debenture Corporation p.l.c. announces that it has no investments in other UK listed investment companies that require to be disclosed. Its top ten holdings, including all holdings with a value greater than 5% of the Corporation's gross assets as at 30 November 2018are set out below.

Top 10 Holdings

The top 10 holdings in the investment portfolio as at 30 November 2018were:

Rank

Name of Holding

% of portfolio (excl. cash)

1.

Royal Dutch Shell

4.39

2.

GlaxoSmithKline

2.73

3.

HSBC

2.57

4.

BP

2.44

5.

Rolls Royce

2.05

6.

Senior

2.02

7.

Stewart Investors Pacific

1.99

8.

Rio Tinto

1.96

9.

Prudential

1.88

10.

Hiscox

1.83

Geographical Split of investment portfolio

Region

% of portfolio

UK

61

Europe

8

North America

9

Japan

1

Other Pacific

4

Other

1

Cash and Fixed Interest

16

TOTAL

100

Released by The Law Debenture Corporation p.l.c., Fifth Floor, 100 Wood Street, London, EC2V 7EX (contact Ian Bowden, Company Secretariat, 020 7696 5285).

The Law Debenture Corporation p.l.c. LEI number - 2138006E39QX7XV6PP21

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The Law Debenture Corporation plc published this content on 04 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 December 2018 07:16:02 UTC