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Lowland Investment Co PLC reported its unaudited net asset value (NAV) per share details as at the close of business on 28 June 2024. The NAV per share calculated according to the AIC formula (including current financial year revenue items) was 140.3p, and 142.3p with debt marked at fair value. Excluding current financial year revenue items, the NAV per share was 139.0p and 141.0p with debt marked at fair value; the dividend has been deducted as the shares are ex-dividend.
| Date | 1 Jul 2024 |
| Time | 16:54:55 |
| Category | Corporate updates |
| ID | 6741U |
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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 |
As at close of business on 28 June 2024, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items) was 140.3p and the net asset value per share with debt marked at fair value as 142.3p. 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 28 June 2024, the unaudited net asset value per share (excluding current financial year revenue items) was 139.0p and the net asset value per share with debt marked at fair value was 141.0p.
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 plus a credit spread. The discount rate is calculated and updated monthly 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 |