17 Jan 2008 17:25
17 January 2008
M&G High Income Investment Trust P.L.C.
The Board of M&G High Income Investment Trust P.L.C. announce that the net asset value at 12:00 noon today was‚£76.0 million. Income Shares 74.23p Capital Shares 14.20p Zero Dividend Preference Shares 53.46p Income & Growth Units 88.43p Package Units 141.89p
The net asset values have been calculated on a cum-income basis, with dividends payable deducted from net assets on the ex-dividend date. Financial assets are valued on a mid-market price basis.
As announced by the Board of Directors on the 16 January 2007, the company has adjusted its NAV to take account of the VAT recoverable and interest thereon, as a result of the European Court of Justice decision in the case of JP Morgan Fleming Claverhouse Trust plc v HMRC. The asset represents an increase of 1.54p per Package Unit split as to 0.6p to Revenue and 0.94p to Capital.
M & G HIGH INCOME INVESTMENT TRUST PLC