City of London Investment Trust PLCLSE: CTY

City of London Investment Trust: Net Asset Value(s)

· Issued by City of London Investment Trust PLC via RNS

Summary by 6ix AI

The City of London Investment Trust PLC said its unaudited net asset value (NAV, the value of its assets less liabilities) per share, calculated under the AIC (Association of Investment Companies) formula including current financial year revenue items, was 550.8p as at close of business on October 5, 2026.

Key details

  • Including current financial year revenue items, NAV per share with debt marked at fair value was 557.1p.
  • Excluding current financial year revenue items, unaudited NAV per share was 544.8p, and 551.0p with debt marked at fair value.
  • Debt marked at fair value is the company's estimate of the fair value of its senior secured notes, a form of secured debt: the 4.53% 2029 notes, the 2.67% 2046 notes and the 2.94% 2049 notes.
  • The discount rate used for that estimate is based on UK government bond (gilt) yields plus a credit spread (an extra yield that reflects credit risk) taken from ICE BofAML bond indices; it is updated monthly and applied daily.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/net-asset-values-8070

City of London Investment Trust PLC
06 October 2026
 

Trust Name

THE CITY OF LONDON INVESTMENT TRUST PLC

Legal Entity Identifier

213800F3NOTF47H6AO55

NAV Details

As at close of business on 5 October 2026, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items) was 550.8p and the net asset value per share with debt marked at fair value was 557.1p.

As at close of business on 5 October 2026, the unaudited net asset value per share (excluding current financial year revenue items) was 544.8p and the net asset value per share with debt marked at fair value was 551.0p.

Debt marked at fair value is the Company's estimate of the "fair value" of its senior secured notes. The current estimated fair value of the Company's senior secured notes is based on a discount rate calculated using the redemption yield of the relevant existing UK Gilt plus a credit spread determined by the month-end difference in redemption yields between the  ICE BofAML 5-10 Year A Sterling Non-Gilt Index and the ICE BofAML 5-10 Year UK Gilt Index for the 4.53% senior secured 2029 notes, and the spread between the redemption yield of the ICE BofAML 15+ Year A Sterling Non-Gilt Index and the ICE BofAML 15+ Year UK Gilt Index for the 2.67% senior secured 2046 notes and the 2.94% senior secured 2049 notes. The discount rate is calculated and updated monthly and applied daily to determine the Company's published fair value NAVs. In addition, evidence of issues in the private placement market may be taken into consideration where spreads significantly diverge from those in the public market.

For further information, please call:

Janus Henderson Secretarial Services UK Limited

Corporate Secretary

Telephone: 020 7818 1818
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