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14 Oct 2016 15:42
UK MORTGAGES LIMITED - Net Asset Value(s)UK MORTGAGES LIMITED - Net Asset Value(s)
PR Newswire
London, October 14
UK MORTGAGES LIMITED(a closed-ended investment company incorporated in Guernsey with registration number 60440 )
Final Net Asset Value
| FUND NAME | NAV | ISIN | NAV DATE |
| UK Mortgages Limited | £0.9320 | GG00BXDZMK63 | 31st August 2016 |
UKML RNS: Commentary accompanying August NAV
As stated last month, to ensure timely, detailed fund information and market commentary, the NAV will be presented separately to the Fund Factsheet.
UKML NAV per share was calculated for August month end at 93.20 pence per share.
The small reduction of 0.14p from the July NAV was a result of the offset of amortisation of set up expenses of the Fund’s two mortgage portfolios, Coventry and TML, against income earned on the Coventry portfolio, and associated minor movements in the interest swap hedge. From an asset performance perspective, the Coventry portfolio has been excellent, and with a steady income stream, whilst TML’s origination got underway in August, with the first mortgages completing in September.
Further details on existing portfolios and pipeline will follow in the upcoming factsheet.
Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
Andrew Bonham 44 (0)1481 745302
Date: 14 October 2016
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