Bankers Investment Trust announces NAV, share buyback

The Bankers Investment Trust Plc (NZX:BIT) announced its unaudited net asset value (NAV) per share as of close of business on May 9, 2025, calculated in accordance with the AIC formula, which includes current financial year revenue items and excludes shares held in treasury, was 121.2p; the NAV per share with debt marked at fair value was 124.2p. The company's shares are now ex-dividend. Excluding current financial year revenue items and shares held in treasury, the unaudited NAV per share was 120.7p and the NAV per share with debt marked at fair value was 123.7p. The fair value of GBP denominated unsecured loan notes is based on a discount rate using the yield of a UK Gilt, while Euro denominated notes use a Euro Swap yield.