Net Asset Value(s)
November 03 2009 - 7:01AM
UK Regulatory
TIDMAZD
RNS Number : 8613B
Allianz Dresdner End Pol Tst 2010
03 November 2009
Allianz Dresdner Endowment Policy Trust 2010 plc
The Company announces that its unaudited net asset value
as at 30th September 2009 was 114.1p per Ordinary Share.
The Board has determined that, in the absence of sufficient transactional data,
the most appropriate basis of valuation is that of estimated surrender value.
Projected final net asset values
The Company publishes projected final net asset values on a regular basis. These
projections have been based both on current bonus rate levels and, in order to
give a measure of the sensitivity of the projected final net asset value to
changes in bonus rates on 150%, 120%,100%, 80% and 50% of current bonus rates
and no further bonuses. Projected final net asset values as at 30th September
2009 are:
Projected final net asset values at 31st December 2010:
Assuming 150% of current bonus rates: 121.1p
Assuming 120% of current bonus rates: 118.4p
Assuming 100% of current bonus rates: 116.6p
Assuming 80% of current bonus rates: 114.8p
Assuming 50% of current bonus rates: 112.2p
Assuming no further bonuses: 107.8p
Projected final net asset values are calculated using the principal bases and
assumptions set out in the Annual Financial Report which, inter alia, assume no
further death claims or demutualisation benefits are received and no further
purchases or disposals of policies are made. They have been calculated after
deduction of estimated future expenses including a provision of GBP200,000 for
winding up costs.No provision has been made for the proposed dividend payment of
0.33p per Ordinary Share. Interest rates over the Company's life are assumed to
be consistent with the shape of the swap yield curve at 30th September 2009.
These illustrations are given to provide an indication of the sensitivity of the
projected final net asset value to bonus rate changes. They should not be taken
as forecasts of any particular degree of change in bonus rate levels.
TWENTY LARGEST HOLDINGS BY LIFE OFFICE
AS AT 30TH SEPTEMBER 2009
+----------------------------------+----------------+--+------------------+
| Life Office | Value of | | % of |
| | Policies | | Total |
| | GBP'000s | | Investments |
+----------------------------------+----------------+--+------------------+
| Standard Life | 8,658 | | 41.3 |
+----------------------------------+----------------+--+------------------+
| Legal & General | 4,126 | | 19.7 |
+----------------------------------+----------------+--+------------------+
| Scottish Provident | 2,091 | | 10.0 |
+----------------------------------+----------------+--+------------------+
| Scottish Widows | 1,167 | | 5.6 |
+----------------------------------+----------------+--+------------------+
| Friends Provident | 823 | | 3.8 |
+----------------------------------+----------------+--+------------------+
| AVIVA (Norwich Union) | 425 | | 2.0 |
+----------------------------------+----------------+--+------------------+
| Scottish Life | 391 | | 1.9 |
+----------------------------------+----------------+--+------------------+
| Prudential (Scottish Amicable) | 324 | | 1.5 |
+----------------------------------+----------------+--+------------------+
| National Medical | 303 | | 1.4 |
+----------------------------------+----------------+--+------------------+
| Clerical Medical | 230 | | 1.1 |
+----------------------------------+----------------+--+------------------+
| Prudential | 218 | | 1.0 |
+----------------------------------+----------------+--+------------------+
| Colonial Mutual | 182 | | 0.9 |
+----------------------------------+----------------+--+------------------+
| AVIVA (Commercial Union) | 138 | | 0.7 |
+----------------------------------+----------------+--+------------------+
| Royal & Sun Alliance (Royal | 102 | | 0.5 |
| Life) | | | |
+----------------------------------+----------------+--+------------------+
| Sun Life of Canada | 79 | | 0.4 |
+----------------------------------+----------------+--+------------------+
| Friends Provident (UKPI) | 49 | | 0.2 |
+----------------------------------+----------------+--+------------------+
| AVIVA (Provident Mutual) | 44 | | 0.2 |
+----------------------------------+----------------+--+------------------+
| MGM Assurance | 36 | | 0.2 |
+----------------------------------+----------------+--+------------------+
| Refuge Assurance | 29 | | 0.1 |
+----------------------------------+----------------+--+------------------+
| Alba Life (FS Assurance) | 24 | | 0.1 |
+----------------------------------+----------------+--+------------------+
| Total of twenty largest holdings | 19,439 | | 92.6 |
+----------------------------------+----------------+--+------------------+
| Holdings in other offices | 160 | | 0.9 |
+----------------------------------+----------------+--+------------------+
| Total holdings of endowment | 19,599 | | 93.5 |
| policies | | | |
+----------------------------------+----------------+--+------------------+
FIXED INTEREST HOLDINGS
AS AT 30TH SEPTEMBER 2009
+----------------------------------+--------------+--+--------------+
| | GBP'000s | | % of |
| | | | Total |
| | | | Investments |
+----------------------------------+--------------+--+--------------+
| EIB 5.5% Bd 7.12.11 | 535 | | 2.6 |
+----------------------------------+--------------+--+--------------+
| EIB 4.25% Bd 7.12.10 | 809 | | 3.9 |
+----------------------------------+--------------+--+--------------+
| | 1,344 | | 6.5 |
+----------------------------------+--------------+--+--------------+
| | | | |
+----------------------------------+--------------+--+--------------+
| Total of Invested Funds | 20,943 | | 100.0 |
+----------------------------------+--------------+--+--------------+
Enquiries:
Peter Ingram
Company Secretary
Tel: 020 7065 1467
3rd November 2009
This information is provided by RNS
The company news service from the London Stock Exchange
END
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