Last checked at 24 Aug 2018 16:07
24 August 2018
Hadrian's Wall Secured Investments Limited (the "Company")
Net Asset Values as at 31 July 2018
Ordinary Shares
As at 31 July 2018, the unaudited NAV per ordinary share (cum-income) was 98.64 pence. This includes the 1.5 pence per ordinary share dividend announced on 20 July 2018 that went ex-dividend on 2 August 2018 and will be paid on 24 August 2018. The unaudited NAV per ordinary share, adjusted for the payment of this dividend to holders of ordinary shares, is 97.14 pence.
C Shares
The Company announces that the unaudited cum-income net asset value per C Share as at 31 July 2018 was 97.59 pence.
IFRS 9 Update
The Company has formally adopted IRFS 9 Financial Instruments with effect from 1 July 2018 and is reporting the July 2018 NAV under this new accounting standard.
The implementation of IFRS 9 decreases the Ordinary Shares NAV by approximately 28 bps. The adjustment to the NAV is due to accounting and will not change the Company's expected future cash flows.
Note
The net asset values continue to be reported on an effective interest rate ("EIR") basis excluding certain adjustments which principally relate to upfront fees received. EIR reconciliations are provided in the Company's year end and interim financial statements.
Terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the prospectus published by the Company on 2 May 2017.
Contact Details
Hadrian's Wall Capital (Investment Adviser)
Ron Miao / Mike Schozer Telephone 020 3026 8620
International Fund Management (Investment Manager)
Chris Hickling Telephone 01481 737600
Winterflood Investment Trusts (Corporate Broker)
Joe Winkley / Neil Morgan Telephone 020 3100 0000