Lowland Investment: Net Asset Value(s)

Lowland Investment Company PLC said its unaudited net asset value (assets minus liabilities) per share was 202.6p at close of business on October 19, 2026. This uses the Association of Investment Companies formula, including current financial year revenue items and excluding shares held in treasury (shares the company has bought back and holds).

Key details

• With debt marked at fair value (the company's estimate of what its debt is worth), the net asset value per share including current financial year revenue items was 205.8p at close of business on October 19, 2026.
• The company's shares are now ex-dividend, meaning buyers no longer receive the declared dividend, so the dividend has been deducted from the net asset value.
• Excluding current financial year revenue items and treasury shares, net asset value per share was 200.1p, or 203.3p with debt marked at fair value, at close of business on October 19, 2026.
• The current estimated fair value of the company's senior unsecured notes (a type of borrowing) is based on a discount rate (the rate used to value future payments today) using the redemption yield of the relevant existing UK Gilt (UK government bond) plus a credit spread (an extra margin), calculated and updated monthly and applied daily.

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