London, January 12
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||£0.8726||GG00BXDZMK63||30th November 2017|
UKML RNS: Commentary accompanying UK Mortgages Limited November 2017 NAV
The UKML NAV per share was calculated for November 2017 month end at 87.26 pence per share.
The key drivers for the reduction in the NAV are a flattening in the forward interest rate curve and a seasonal fall in the prepayment rates which may continue through December, although we expect to see a corresponding reversion in future months.
The portfolio continues to perform well, in line with our expectations; more details will be available in the monthly factsheet that is due to be published shortly.
Northern Trust International Fund Administration Services (Guernsey) Limited
Andrew Bonham 44 (0)1481 745302
Date: 12 January 2018