UK MORTGAGES LIMITED
(a closed-ended investment company incorporated in Guernsey with
registration number 60440)
LEI
549300388LT7VTHCIT59
Final Net Asset Value
| FUND NAME |
NAV |
ISIN |
NAV DATE |
| UK
Mortgages Limited |
£0.7894 |
GG00BXDZMK63 |
30
November 2021 |
UKML RNS: Commentary accompanying UK
Mortgages Limited November 2021
NAV
The UKML NAV per share was calculated for November 2021 month end at 78.94 pence per share, an increase of
0.59 pence per share.
The primary driver of the monthly NAV performance in November
came from the ongoing positive running income being generated by
the Company’s underlying investments.
As was indicated in the October NAV commentary, November saw a
flattening of the increases in swap rates witnessed during the
preceding few months; thereby enhancing income. This flattening
re-established the more regular monthly pull-to-par of the
portfolios to a level more in line with longer-term expectations.
Notably though, even without the increased pull-to-par effect
experienced in the past couple of months, the income generated by
the Company’s investments once again continued to significantly
outweigh the 0.42 pence per share
required to cover the monthly equivalent of the dividend.
The Company’s investments continue to perform in line with
expectations, and further details will be available in the
Company’s next factsheet.
Enquiries:
Northern Trust International Fund Administration Services
(Guernsey) Limited
Andrew Bonham
44 (0)1481 745302
Date: 18 January
2022