22 Apr 2021 13:59
To: RNS From: The Scottish Investment Trust PLC LEI: 549300ZL6XSHQ48U8H53 Date: 22 April 2021
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Net asset values per share (NAVS) at 21/04/2021 | ||
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Cum - income |
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NAV with borrowings at market value | 845.5p | 9.5% |
NAV with borrowings at par | 886.1p |
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Ex - income |
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NAV with borrowings at market value | 839.9p |
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NAV with borrowings at par | 880.4p |
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In line with our reporting policy, the NAVs are calculated taking the valuation of investments at closing bid or last price as the case may be. NAVs are unaudited.Borrowings at market value is the company's estimate of the "fair value" of its borrowings. The current estimated fair value of the company's borrowings is based on the redemption yield of the relevant existing reference gilt plus a margin derived from the spread of BBB UK corporate bond yields (15 years+) over UK gilt yields (15 years+). The reference gilt for the secured bonds is the 6% UK Treasury Stock 2028 and the reference gilt for the perpetual debenture stocks is the longest dated UK Treasury stock listed in the Financial Times. | ||
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"Borrowings at par" is the nominal value of the borrowings less any unamortised issue expenses. | ||
For further information, please contact:
Maitland Administration Services Limited
01245 398 960