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The Merchants Trust PLC announced its net asset values per ordinary share at the close of business on 26 June 2023. These values were 510.04p (capital, based on par value debt), 517.36p (capital, based on market value debt), 521.78p (cum-income, based on par value debt), and 529.10p (cum-income, based on market value debt).
| Date | 27 Jun 2023 |
| Time | 12:42:59 |
| Category | Corporate updates |
| ID | 0822E |
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 26 June 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 510.04p.
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 517.36p.
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 521.78p.
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 529.10p.
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
27 June 2023