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27 Sep 2021 07:56
UK Mortgages Ltd - Net Asset Value(s)UK Mortgages Ltd - Net Asset Value(s)
PR Newswire
London, September 27
UK MORTGAGES LIMITED(a closed-ended investment company incorporated in Guernsey with registration number 60440)
| 549300388LT7VTHCIT59 |
LEI 549300388LT7VTHCIT59
Final Net Asset Value
| FUND NAME | NAV | ISIN | NAV DATE |
| UK Mortgages Limited | £0.7733 | GG00BXDZMK63 | 31 July 2021 |
UKML RNS: Commentary accompanying UK Mortgages Limited July 2021 NAV
The UKML NAV per share was calculated for July 2021 month end at 77.33 pence per share, a decrease of 0.46 pence per share.
The main driver of NAV performance was the July dividend payment of 1.125 pence per share.
Excluding the dividend payment, the primary driver of the monthly NAV came as a result of the positive running income being generated by the Company’s underlying investments which contributed approximately 0.45 pence per share – a significant margin over the 0.375 pence per share required to cover the monthly equivalent of the dividend.
In addition a number of smaller items generated further revenue, increasing this movement to 0.67 pence per share. Along with some other sundries, these included a one-off accounting adjustment of around 0.09 pence per share to reflect some unallocated income from the Hops Hill transaction, a slightly higher than average pull-to-par effect which contributed about 0.05 pence per share plus a small reduction in monthly expenses, as some historical portfolio fees have now been fully amortised, and therefore this reduction will continue to benefit net revenues going forward.
The Company’s investments continue to perform in line with expectations. More details will be available in the Company’s next factsheet.
Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
Andrew Bonham 44 (0)1481 745302
Date: 27 September 2021
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