Aberforth Split Level Income Trust plc

Share Prices, NAVs & Performance

Share prices, NAVs and historic performance

Price Ordinary Shares

Price Zero Dividend Preference Shares

Latest Net Asset Values & Financial Information
All data as at 2 December 2021 Values
Ordinary Share NAV (excluding current year revenue) 87.07p
Ordinary Share NAV (including current year revenue) 89.06p
Zero Dividend Preference Share NAV (Accounts basis*) 116.18p
Zero Dividend Preference Share NAV (Articles basis*) 116.44p
Market value of equity investments £223.7m
Total net assets £224.7m
Zero Dividend Preference Shares (£55.3m)
Total Shareholders' funds (Ordinary Shares) £169.4m

Notes

* for accounting purposes in accordance with the AIC SORP, issue costs in relation to the Zero Dividend Preference Shares are capitalised and amortised over their expected term.

Past performance is not a guide to future performance, or a reliable indicator of future results or performance.

Past Performance

Discrete %
Period NAV Ord Share Price Ord Share Price ZDP Total Assets NSCI (XIC)
1 Year to 30/11/2021 39.0 29.1 7.9 28.3 24.0
1 Year to 30/11/2020 (23.9) (20.7) (0.9) (17.8) (3.1)
1 Year to 30/11/2019 12.6 7.6 3.8 10.4 9.6
1 Year to 30/11/2018 (12.4) (12.2) (3.9) (9.1) (7.5)
Compound %
Period to 30 November 2021 NAV Ord Share Price Ord Share Price ZDP Total Assets NSCI (XIC)
1 year 39.0 29.1 7.9 28.3 24.0
2 years 2.8 1.2 3.4 2.7 9.6
3 years 6.0 3.3 3.5 5.2 9.6
4 years 1.1 (0.8) 1.6 1.4 5.1
Launch 1.5 (1.1) 3.4 1.7 5.8
Inception 2.3 (1.1) 3.4 2.4 5.8
Cumulative %
Period to 30 November 2021 NAV Ord Share Price Ord Share Price ZDP Total Assets NSCI (XIC)
1 year 39.0 29.1 7.9 28.3 24.0
2 years 5.8 2.4 6.9 5.5 20.2
3 years 19.1 10.2 11.0 16.5 31.8
4 years 4.3 (3.2) 6.7 5.8 21.9
Launch 6.7 (4.7) 16.0 7.9 28.3
Inception 10.5 (4.7) 16.0 11.1 28.3

Notes

NAV Ord = the Trust's net asset value per Ordinary Share with dividends reinvested.

Share Price Ord = the Trust's Ordinary Share price with dividends reinvested.

Share Price ZDP = the Trust's ZDP Share price.

Total Assets = represents the return of the combined funds of the Ordinary Shareholders and ZDP Shareholders assuming that dividends paid to Ordinary Shareholders were reinvested at the NAV per Ordinary Share at the close of business on the day the Ordinary Shares were quoted ex dividend.

NSCI (XIC) = capital appreciation on the Numis Smaller Companies Index (Excluding Investment Companies) with dividends reinvested. This comprises the bottom 10% of all UK quoted companies by market value which at 1 January 2021 included some 334 companies, the largest market capitalisation of which was £1,500m and the aggregate market capitalisation of which was £141bn.

Launch = 3 July 2017.

At inception an Ordinary Share had a NAV of 100p and a gearing level of 25%

At inception a ZDP Share had a NAV of 100p, a Projected Final Cumulative Cover 3 of 3.4x, and a Redemption Yield3 of 3.5%.

Data relating to the hurdle rates, redemption yields and terminal asset values for the Zero Dividend Preference Shares is also available from the ZDP Analytics page in the "Interactive Statistics" section of the AIC website.

Past performance is not a guide to future performance, or a reliable indicator of future results or performance.