UK Mortgages Ltd - Net Asset Value(s)
PR Newswire
LEI 549300388LT7VTHCIT59
UKML RNS: Commentary accompanying UK Mortgages Limited February 2021 NAV
The UKML NAV per share was calculated for February 2021 month end at 80.07 pence per share, a decrease of 0.27 pence per share.
As communicated in the commentary accompanying the January NAV, the sale of the Cornhill No. 6 portfolio was completed on 25th February, albeit the loss provisioning for the sale price of the assets versus the amortised cost valuation was previously included in the NAV published for January in line with the Company s accounting policy. As also previously stated, the unwinding of the interest rate swap attached to the Cornhill No. 6 transaction was not due to be recognised until the current period and this is the key driver for the negative impact on the February NAV equating to approximately 0.65 pence per share. This was partially offset by the regular monthly income generated by the Company s investments.