London, September 15
UK MORTGAGES LIMITED
(a closed-ended investment company incorporated in Guernsey with registration number 60440 )
Final Net Asset Value
|FUND NAME||NAV||ISIN||NAV DATE|
|UK Mortgages Limited||£0.8776||GG00BXDZMK63||31st July 2017|
UKML RNS: Commentary accompanying UK Mortgages Limited July 2017 NAV
The UKML NAV per share was calculated for July month end at 87.76 pence per share.
The reduction in the NAV was driven mostly by the dividend payment of 1.5 pence per share, which was partially offset by the accrual of the underlying investments.
The fund has adopted hedge accounting beginning this period in order to minimise the impact of NAV volatility due to any difference in fair valuation of the interest rate swap and the amortised cost valuation of the underlying portfolios.
More details on the portfolio and pipeline will be provided in the fund's factsheet to be published shortly.
Northern Trust International Fund Administration Services (Guernsey) Limited
Andrew Bonham 44 (0)1481 745302
Date: 15 September 2017