Lowland Investment Co PLC Net Asset Value(s) (7848H)
July 31 2023 - 10:51AM
UK Regulatory
TIDMLWI
RNS Number : 7848H
Lowland Investment Co PLC
31 July 2023
Trust Name LOWLAND INVESTMENT COMPANY PLC
Legal Entity Identifier 2138008RHG5363FEHV19
NAV Details As at close of business on 28 July 2023, the
unaudited net asset value per share calculated
in accordance with the AIC formula (including
current financial year revenue items) was 129.7p
and the net asset value per share with debt marked
at fair value as 132.0p. 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 July 2023, the
unaudited net asset value per share (excluding
current financial year revenue items) was 128.1p
and the net asset value per share with debt marked
at fair value was 130.4p.
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.
For further information, Wendy King
please call: Janus Henderson Investors
Telephone: 020 7818 1818
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