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The Merchants Trust PLC announced its net asset values per ordinary share at the close of business on 15 November 2023. The capital net asset value was 499.75p based on the par value of long-term debt and preference shares, and 509.48p based on market value. The cum-income net asset value was 511.31p based on par value debt and preference shares, and 521.04p based on market value.
| Date | 16 Nov 2023 |
| Time | 13:08:50 |
| Category | Corporate updates |
| ID | 7281T |
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 15 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 499.75p.
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 509.48p.
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 511.31p.
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 521.04p.
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
16 November 2023