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The Merchants Trust PLC announced its net asset values per ordinary share as of close of business on 03 November 2023. Based on par value of debt and preference shares, the capital net asset value was 486.18p and the cum-income net asset value was 497.46p. Based on market value of debt and preference shares, the capital net asset value was 495.94p and the cum-income net asset value was 507.22p.
| Date | 6 Nov 2023 |
| Time | 13:44:53 |
| Category | Corporate updates |
| ID | 5267S |
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 03 November 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 486.18p.
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 495.94p.
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 497.46p.
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 507.22p.
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
06 November 2023