RNS Number : 2039O
Janus Henderson Fund Mgmnt UK Ltd.
28 July 2026
 

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

 

28 July 2026

 

Trust Name

LOWLAND INVESTMENT COMPANY PLC

 

Legal Entity Identifier

 

2138008RHG5363FEHV19

NAV Details

As at close of business on 27 July 2026, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items and excluding shares held in treasury) was 197.2p and the net asset value per share with debt marked at fair value was 199.8p. As the Company's shares are now ex-dividend, the dividend has been deducted from the net asset value.

 

As at close of business on 27 July 2026, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 195.1p and the net asset value per share with debt marked at fair value was 197.7p.

 

Debt marked at fair value is the Company's estimate of the "fair value" of its senior unsecured notes. The current estimated fair value of the Company's senior unsecured notes is based on a discount rate calculated using the redemption yield of the relevant existing UK Gilt plus a credit spread. The discount rate is calculated and updated monthly and applied daily to determine the Company's published fair value NAVs.

 

For further information, please call:

Janus Henderson Secretarial Services UK Limited

Corporate Secretary

Telephone: 020 7818 1818

 

 

 

 

Trust Name

 

THE NORTH AMERICAN INCOME TRUST PLC

 

Legal Entity Identifier

 

5493007GCUW7G2BKY360

NAV Details

 

As at close of business on 27 July 2026, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items and excluding shares held in treasury) was 448.4p and the net asset value per share with debt marked at fair value was 452.0p. As the Company's shares are now ex-dividend, the dividend has been deducted from the net asset value.

 

As at close of business on 27 July 2026, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 445.3p and the net asset value per share with debt marked at fair value was 449.0p.

 

Debt marked at fair value is the Company's estimate of the "fair value" of its senior unsecured notes. The current estimated fair value of the Company's senior unsecured notes is based on a discount rate calculated using the redemption yield of the relevant US Treasury plus a credit spread determined by the month-end difference in redemption yields of the ICE BofA 3-5 Year Single-A US Corporate Index for the 2.7% senior unsecured 2030 notes and the ICE BofA 5-10 Year Single-A US Corporate Index for the 2.96% senior unsecured 2035 notes. The discount rate is calculated and updated monthly and applied daily to determine the Company's published fair value NAVs.

 

For further information,

please call

Janus Henderson Secretarial Services UK Limited

Corporate Secretary

Telephone: 020 7818 1818

 

 

 

 

 

Trust Name

THE BANKERS INVESTMENT TRUST PLC

 

Legal Entity Identifier

 

213800B9YWXL3X1VMZ69

NAV Details

As at close of business on 27 July 2026, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items and excluding shares held in treasury) was 158.5p and the net asset value per share with debt marked at fair value was 162.1p. As the Company's shares are now ex-dividend, the dividend has been deducted from the net asset value.

 

As at close of business on 27 July 2026, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 158.5p and the net asset value per share with debt marked at fair value was 162.1p.

 

The current estimated fair value of the Company's GBP denominated unsecured loan notes is based on a discount rate calculated using the yield of a UK Gilt of a similar maturity plus a credit spread. The current estimated fair value of the Company's Euro denominated unsecured loan notes is based on a discount rate calculated using the yield of a Euro Swap of similar maturity plus a credit spread.

 

For further information, please call:

Janus Henderson Secretarial Services UK Limited

Corporate Secretary

Telephone: 020 7818 1818

 

 

 

 

Trust Name

HENDERSON HIGH INCOME TRUST PLC

 

Legal Entity Identifier

 

213800OEXAGFSF7Y6G11

NAV Details

As at close of business on 27 July 2026, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items and excluding shares held in treasury) was 214.2p and the net asset value per share with debt marked at fair value was 215.1p.

 

As at close of business on 27 July 2026, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 212.6p and the net asset value per share with debt marked at fair value was 213.5p.

 

Debt marked at fair value is the Company's estimate of the "fair value" of its senior unsecured notes. The current estimated fair value of the Company's senior unsecured 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. The discount rate is calculated and updated monthly and applied daily to determine the Company's published fair value NAVs.

 

For further information, please call:

Janus Henderson Secretarial Services UK Limited

Corporate Secretary

Telephone: 020 7818 1818

 

 

 

Trust Name

THE CITY OF LONDON INVESTMENT TRUST PLC

 

Legal Entity Identifier

 

213800F3NOTF47H6AO55

NAV Details

As at close of business on 27 July 2026, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items) was 572.3p and the net asset value per share with debt marked at fair value was 577.7p. As the Company's shares are now ex-dividend, the dividend has been deducted from the net asset value.

 

As at close of business on 27 July 2026, the unaudited net asset value per share (excluding current financial year revenue items) was 571.6p and the net asset value per share with debt marked at fair value was 577.0p.

 

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

 

 

Trust Name

THE EUROPEAN SMALLER COMPANIES TRUST PLC

 

Legal Entity Identifier

 

213800N1B1HCQG2W4V90

NAV Details

As at close of business on 27 July 2026, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items and excluding shares held in treasury) was 253.6p.

 

As at close of business on 27 July 2026, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 253.6p.

 

 

For further information, please call:

Janus Henderson Secretarial Services UK Limited

Corporate Secretary

Telephone: 020 7818 1818

 

 

 

 

 

Trust Name

 

THE HENDERSON SMALLER COMPANIES INVESTMENT TRUST PLC

 

Legal Entity Identifier

 

213800NE2NCQ67M2M998

 

NAV Details

 

As at close of business on 27 July 2026, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items and excluding shares held in treasury) was 1,035.8p.

 

As at close of business on 27 July 2026, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 1,010.9p.

 

For further information,

please call:

Janus Henderson Secretarial Services UK Limited

Corporate Secretary

Telephone: 020 7818 1818

 

 

 

 

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