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The issuer advises that the following replaces the Lowland Investment Company PLC's Net Asset Value(s) announcement released on 19 October 2022 at 11:56am under RNS number 4345D.
The only change is to the date at which the discount rate calculated using the redemption yield of the relevant existing UK Gilt was last updated which was as at 17 October 2022 (previously stated as at 18 October 2022). All other details remain unchanged. The full amended text appears below.
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Trust Name |
LOWLAND INVESTMENT COMPANY PLC
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Legal Entity Identifier
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2138008RHG5363FEHV19 |
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NAV Details
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As at close of business on 18 October 2022, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items) was 116.3p and the net asset value per share with debt marked at fair value was 118.6p. As the Company's shares are now ex-dividend, the dividend has been deducted from the net asset value.
As at close of business on 18 October 2022, the unaudited net asset value per share (excluding current financial year revenue items) was 114.5p and the net asset value per share with debt marked at fair value was 116.8p.
Debt marked at fair value is the Company's estimate of the "fair value" of its senior unsecured notes. The current estimated fair value of the Company's senior unsecured notes is based on a discount rate calculated using the redemption yield of the relevant existing UK Gilt (last updated as at 17 October 2022) plus a credit spread. The discount rate is calculated and updated weekly (barring large movements in the UK Gilt yield when it will be calculated more frequently) and applied daily to determine the Company's published fair value NAVs.
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For further information, please call: |
Wendy King Janus Henderson Investors Telephone: 020 7818 1818 |
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| Date | 19 Oct 2022 |
| Time | 14:28:23 |
| Category | Corporate updates |
| ID | 4498D |