t
The Merchants Trust PLC announced its net asset values per ordinary share at close of business on 25 August 2022. Based on the par value of the company's long-term debt and preference shares, the capital net asset value was 539.15p and the cum-income net asset value was 545.58p. When calculated using the market value of the debt and preference shares, the capital net asset value was 539.16p and the cum-income net asset value was 545.59p.
| Date | 26 Aug 2022 |
| Time | 12:39:34 |
| Category | Corporate updates |
| ID | 4128X |
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 25 August 2022:
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 539.15p.
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 539.16p.
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 545.58p.
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 545.59p.
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
26 August 2022