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The Merchants Trust PLC announced its net asset values per ordinary share as of close of business on 20 April 2023. The reported values were: 563.44p for capital NAV (based on par value debt), 569.39p for capital NAV (based on market value debt), 564.85p for cum-income NAV (based on par value debt), and 570.80p for cum-income NAV (based on market value debt).
| Date | 21 Apr 2023 |
| Time | 12:17:42 |
| Category | Corporate updates |
| ID | 0886X |
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 20 April 2023:
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 563.44p.
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 569.39p.
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 564.85p.
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 570.80p.
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
21 April 2023