UK Mortgages Ltd - Notice of EGM Relating to Proposed Tender Offers
PR Newswire
London, February 26
THE INFORMATION IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION (IN WHOLE OR IN PART) DIRECTLY OR INDIRECTLY IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION. THIS ANNOUNCEMENT DOES NOT CONSTITUTE A TAKEOVER OFFER OR AN OFFER OF SECURITIES.
Capitalised terms used in this Announcement, unless otherwise defined, have the same meanings as set out in the Circular.
26 February 2021
(a closed-ended investment company incorporated in Guernsey with registration number 60440) LEI 549300388LT7VTHCIT59
London s FTSE 100 finally succumbed to this week s jitters on global equity markets, with a fall of 2.5 per cent for the blue-chip index today.
Asian and US markets had already suffered some nervers from the spike in bond yields earlier in the week. The yield on 10-year US Treasury bills powered through 1.5 per cent yesterday - its highest level in a year and up from 0.5 per cent last August.
The tech-laden Nasdaq is 6 per cent down this week and the old-economy Dow Jones followed it last night with a 2.5 per cent fall in the last two sessions..
Frédérique Carrier, head of investment strategy, RBC Wealth Management says that investors have been concerned that higher bond yields may threaten equity valuations, which are now in excess of long-term averages.
Should investors look towards value and cyclical equities as inflation fears grow? dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
UK Mortgages Ltd - Monthly Factsheet - January 2021
PR Newswire
Monthly Factsheet
The Board of UK Mortgages Limited (UKML) and TwentyFour Asset Management LLP (TwentyFour) are pleased to present the latest factsheet for the fund. Information on current investments and pipeline can be found in the factsheet.
Copies can be downloaded from the Company s website:
https://twentyfouram.com/en/funds/uk-mortgages-fund/
or viewed here: https://mma.prnewswire.com/media/1443999/UKML Factsheet Jan 2021.pdf
For further information, please contact:
John Magrath +44 (0)20 7015 8900
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UK Mortgages Ltd - Net Asset Value(s)
PR Newswire
LEI 549300388LT7VTHCIT59
UKML RNS: Commentary accompanying UK Mortgages Limited December 2020 NAV
The UKML NAV per share was calculated for December 2020 month end at 81.79 pence per share, an increase of 0.36 pence per share.
Alongside the regular monthly income generated by the Company s investments, the key drivers for the movement in the NAV for this period have been the updated IFRS 9 Expected Credit Loss (ECL) provisioning assessment and the hedge effectiveness calculations both of which occur semi-annually. With regard to ECL provisioning, there has been a significant reduction in the number of loans taking a payment holiday, with current levels having fallen to a fraction of the amount at the previous calculation in June 2020, which essentially coincided with the peak take-up. The effect of this has been to partially reduce the required provisioning, despite continuing to model an enhanced level of stress on loans where t