Bankers Investment Trust updates NAV, buys back shares

The Bankers Investment Trust PLC reported its unaudited net asset value (NAV) as of November 18, 2025. The NAV per share, calculated using the AIC formula (including current financial year revenue items and excluding treasury shares), was 140.0p. With debt marked at fair value, this rose to 143.2p. Excluding current financial year revenue items and treasury shares, the NAV was 139.6p, and with debt marked at fair value, it was 142.9p. The company's shares are now ex-dividend, with the dividend deducted from the net asset value.

The estimated fair value of the company's GBP denominated unsecured loan notes is based on a discount rate using the yield of a UK Gilt plus a credit spread. Similarly, for its Euro denominated unsecured loan notes, the fair value is estimated using a discount rate based on the yield of a Euro Swap plus a credit spread.

Additionally, The Bankers Investment Trust PLC announced a market purchase of 805,803 ordinary shares at a price of 130.3006p per share on November 19, 2025, to be held in treasury. Following this purchase, the issued share capital remains 1,315,102,830 ordinary shares of 2.5p each, with 332,389,854 shares (25.3%) held in treasury and carrying no voting rights. The total number of voting rights is 982,712,976.