PORTFOLIO & PERFORMANCE
|SHARE PRICE AT FRIDAY 26 MAY 2017|
|Share Price||807.0p xd||Net change on day||2.0p|
|The share price update is delayed by at least 20 minutes|
|FIGURES AS OF PREVIOUS TRADING DAY'S CLOSE
(THURSDAY 25 MAY 2017)
|Closing share price||807.0p||Ex-income NAV*||874.2|
|52 week high||811.0p||Discount||7.8%|
|52 week low||582.0p||Yield||1.7%|
|* with borrowings at market value
Borrowings at market value is the company’s estimate of the “fair value” of its borrowings. The current estimated fair value of the company’s borrowings is based on the redemption yield of the relevant existing reference gilt plus a margin derived from the spread of BBB UK corporate bond yields (15 years+) over UK gilt yields (15 years+). The reference gilt for the secured bonds is the 6% UK Treasury Stock 2028 and the reference gilt for the perpetual debenture stocks is the longest dated UK Treasury stock listed in the Financial Times.
Sources Pricing data - Morningstar NAV, discount and yield – SIT
Past performance is not a reliable indicator of future results. The value of shares and the income from them can go down as well as up as a result of market and currency fluctuations and investors may not get back the amount originally invested. The Scottish Investment Trust has a long-term policy of borrowing money to invest in equities in the expectation that this will improve returns and, should stockmarkets fall, such borrowings would magnify losses on these investments. The company can buy back and cancel its own shares. All other things being equal, this would have the effect of increasing gearing. For planning purposes, an investment in the Scottish Investment Trust should be viewed as a long-term commitment.
All sources the Scottish Investment Trust, unless otherwise stated.