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The Merchants Trust PLC announced its net asset values per ordinary share as at close of business on 17 September 2021. These values included a capital net asset value of 549.22p (based on par value debt and preference shares) and 533.88p (based on market value debt and preference shares). The cum-income net asset values were 552.87p (based on par value debt and preference shares) and 537.52p (based on market value debt and preference shares).
| Date | 20 Sept 2021 |
| Time | 12:35:18 |
| Category | Corporate updates |
| ID | 3340M |
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 17 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 549.22p.
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 533.88p.
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 552.87p.
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 537.52p.
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
20 September 2021