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The Merchants Trust PLC announced net asset values per ordinary share at the close of business on 14 September 2021. The capital net asset value per ordinary share was 549.53p based on par value debt and preference shares, and 534.19p based on market value debt and preference shares. The cum-income net asset value per ordinary share was 553.18p (par value) and 537.84p (market value) respectively.
| Date | 15 Sept 2021 |
| Time | 12:23:43 |
| Category | Corporate updates |
| ID | 8922L |
The Merchants Trust PLC
LEI: 5299008VJFXCUD2EG312
As recommended by the AIC, net asset values are calculated on both a capital and a cum-income basis.
The Merchants Trust PLC announces that at close of business 14 September 2021:
1) based on the par value of the company's long term debt and preference shares, the capital net asset value per ordinary share was 549.53p.
2) based on the market value of the company's long term debt and preference shares, the capital net asset value per ordinary share was 534.19p.
3) based on the par value of the company's long term debt and preference shares, the cum-income net asset value per ordinary share was 553.18p.
4) based on the market value of the company's long term debt and preference shares, the cum-income net asset value per ordinary share was 537.84p.
In the valuation of the company's long term debt at market value, the margin added to the yield of the relevant reference gilt is derived from the spread of A UK corporate bond yields over gilt yields, with the exception that the Loan Notes issued on 18 December 2017 are valued at the yield over the reference gilt at which they were issued.
Enquiries:
Kirsten Salt
Tel: 020 3246 7513
15 September 2021