The following Net Asset Values (NAVs) for Framlington Income & Capital Trust
PLC are released by AXA Framlington Investment Management Limited as at 09 May
2006.

Capital NAV                                                                    
                                                                               
at Mid valuation - Prior charges at par                                 264.22p
                                                                               
at Bid valuation - Prior charges at par                                 263.40p
                                                                               
Income NAV                                                                     
                                                                               
at Mid valuation - Prior charges at par                                  31.31p
                                                                               
at Bid valuation - Prior charges at par                                  31.31p
                                                                               
Total Fund Value (at Mid valuation inc.                            �111,536,088
revenue)                                                                       



END



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