TCL - Net Asset Values as at 13 March 2024

MKTUPDTE
Fri, Mar 15 2024 08:30 am

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

THE CITY OF LONDON INVESTMENT TRUST PLC

LEGAL ENTITY IDENTIFIER: 213800F3NOTF47H6AO55

14 March 2024


The City of London Investment Trust plc (the ‘Company’)


As at close of business on 13 March 2024, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items and excluding shares held in treasury) was 401.7p and the net asset value per share with debt marked at fair value was 406.7p.

As at close of business on 13 March 2024, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 399.5p and the net asset value per share with debt marked at fair value was 404.9p.

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 information, please call:

Wendy King
Janus Henderson Investors
Telephone: 020 7818 1818


Announcement PDF


Markets News

Airports v airlines and the regional monopoly conundrum
Policy Analysis

Airports v airlines and the regional monopoly conundrum

Why is airport regulation being reviewed when all the fuss is about airfares? 

Markets

‘It really is upwards from here,’ Pacific Edge CEO

The AUA’s guideline has made Pacific Edge’s tests a talking point. 

‘It really is upwards from here,’ Pacific Edge CEO
Markets Market Close

Auckland Airport dominates volumes; NZX dips 0.61%

The S&P/ASX 200 has recovered from the US's so-called "Liberation Day".

Gregor Thompson 29 Apr 2025
Auckland Airport dominates volumes; NZX dips 0.61%