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The Merchants Trust PLC announced its net asset values per ordinary share at the close of business on 14 September 2022. The capital net asset value per ordinary share was 526.42p based on par value long term debt and preference shares, and 529.28p based on market value long term debt and preference shares. The cum-income net asset value per ordinary share was 533.55p (par value debt) and 536.41p (market value debt).
| Date | 15 Sept 2022 |
| Time | 13:19:27 |
| Category | Corporate updates |
| ID | 6407Z |
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 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 526.42p.
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 529.28p.
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 533.55p.
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 536.41p.
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 2022