City of London Investment Trust PLC Net Asset Value(s) (1473O)
27 Enero 2023 - 07:49AM
UK Regulatory
TIDMCTY
RNS Number : 1473O
City of London Investment Trust PLC
27 January 2023
Trust Name THE CITY OF LONDON INVESTMENT TRUST
PLC
Legal Entity 213800F3NOTF47H6AO55
Identifier
NAV Details As at close of business on 26 January
2023, the unaudited net asset value
per share calculated in accordance
with the AIC formula (including current
financial year revenue items) was
406.4p and the net asset value per
share with debt marked at fair value
was 411.9p. As the Company's shares
are now ex-dividend, the dividend
has been deducted from the net asset
value.
As at close of business on 26 January
2023, the unaudited net asset value
per share (excluding current financial
year revenue items) was 406.4p and
the net asset value per share with
debt marked at fair value was 411.9p.
Debt marked at fair value is the Company's
estimate of the "fair value" of its
senior secured notes. The current
estimated fair value of the Company's
senior secured notes is based on a
discount rate calculated using the
redemption yield of the relevant existing
UK Gilt plus a credit spread determined
by the month-end difference in redemption
yields between the ICE BofAML 5-10
Year A Sterling Non-Gilt Index and
the ICE BofAML 5-10 Year UK Gilt Index
for the 4.53% senior secured 2029
notes, and the spread between the
redemption yield of the ICE BofAML
15+ Year A Sterling Non-Gilt Index
and the ICE BofAML 15+ Year UK Gilt
Index for the 2.67% senior secured
2046 notes and the 2.94% senior secured
2049 notes. The discount rate is calculated
and updated monthly and applied daily
to determine the Company's published
fair value NAVs. In addition, evidence
of issues in the private placement
market may be taken into consideration
where spreads significantly diverge
from those in the public market.
For further Wendy King
information, Janus Henderson Investors
please call: Telephone: 020 7818 1818
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END
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January 27, 2023 08:49 ET (13:49 GMT)
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