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 (the value of its assets minus liabilities) per share was 562.0p at close of business on September 29, 2026, including current financial year revenue items, or 568.1p with debt marked at fair value.

Key details

  • Excluding current financial year revenue items, the unaudited net asset value per share was 556.4p, or 562.5p with debt marked at fair value.
  • The figures including revenue items are calculated in accordance with the AIC formula (the method of the Association of Investment Companies, a UK industry body).
  • Debt marked at fair value is the company's estimate of the fair value of its senior secured notes: the 4.53% senior secured 2029 notes, the 2.67% senior secured 2046 notes and the 2.94% senior secured 2049 notes.
  • The fair value estimate uses a discount rate based on UK government bond (Gilt) yields plus a credit spread from bond indices; the rate 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-8074

City of London Investment Trust PLC
30 September 2026
 

Trust Name

THE CITY OF LONDON INVESTMENT TRUST PLC

Legal Entity Identifier

213800F3NOTF47H6AO55

NAV Details

As at close of business on 29 September 2026, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items) was 562.0p and the net asset value per share with debt marked at fair value was 568.1p.

As at close of business on 29 September 2026, the unaudited net asset value per share (excluding current financial year revenue items) was 556.4p and the net asset value per share with debt marked at fair value was 562.5p.

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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