TIDMCTY

RNS Number : 2412Y

City of London Investment Trust PLC

12 January 2022

 
 
   Trust Name                 THE CITY OF LONDON INVESTMENT TRUST PLC 
 Legal Entity Identifier    213800F3NOTF47H6AO55 
 NAV Details                As at close of business on 11 January 2022, the 
                             unaudited net asset value per share calculated 
                             in accordance with the AIC formula (including 
                             current financial year revenue items) was 409.9p 
                             and the net asset value per share with debt marked 
                             at fair value was 406.2p. 
 
                             As at close of business on 11 January 2022, the 
                             unaudited net asset value per share (excluding 
                             current financial year revenue items) was 405.5p 
                             and the net asset value per share with debt marked 
                             at fair value was 401.9p. 
 
                             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 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 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NAVLLLFFLFLBBBX

(END) Dow Jones Newswires

January 12, 2022 07:05 ET (12:05 GMT)

City Of London Investment (LSE:CTY)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024 Haga Click aquí para más Gráficas City Of London Investment.
City Of London Investment (LSE:CTY)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024 Haga Click aquí para más Gráficas City Of London Investment.