City of London Investment Trust PLC Net Asset Value(s) (7199U)
06 Diciembre 2021 - 09:00AM
UK Regulatory
TIDMCTY
RNS Number : 7199U
City of London Investment Trust PLC
06 December 2021
Trust Name THE CITY OF LONDON INVESTMENT TRUST PLC
Legal Entity Identifier 213800F3NOTF47H6AO55
NAV Details As at close of business on 3 December 2021, the
unaudited net asset value per share calculated
in accordance with the AIC formula (including
current financial year revenue items) was 389.8p
and the net asset value per share with debt marked
at fair value was 385.2p.
As at close of business on 3 December 2021, the
unaudited net asset value per share (excluding
current financial year revenue items) was 386.1p
and the net asset value per share with debt marked
at fair value was 381.5p.
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 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 2030 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 2.94%
senior secured 2049 notes. The discount rate
is calculated and updated at each month-end 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 information, Wendy King
please call: Janus Henderson Investors
Telephone: 020 7818 1818
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END
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December 06, 2021 10:00 ET (15:00 GMT)
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