UK Mortgages Ltd - Net Asset Value(s)
London, June 14
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||£0.8543||GG00BXDZMK63||30th April 2018|
UKML RNS: Commentary accompanying UK Mortgages Limited April 2018 NAV
The UKML NAV per share was calculated for April 2018 month end at 85.43 pence per share.
The 1.37 pence reduction in the NAV was driven mostly by the dividend payment of 1.5 pence per share, which was partially offset by the gain from the underlying investments.
The assets comprising the fund's investments continue to perform well, in line with expectations. Additionally, the portfolio managers are currently working towards the term securitisation of the recently announced c. £350m portfolio of Buy-to-Let non-member mortgages originated by Coventry Building Society. More details on the portfolio and pipeline will be published in the fund's factsheet to be published shortly.
Northern Trust International Fund Administration Services (Guernsey) Limited
Andrew Bonham 44 (0)1481 745302
Date:14 June 2018