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The Merchants Trust PLC announced its net asset values per ordinary share. At close of business on 06 March 2024, the capital net asset value per ordinary share was 515.23p based on par value debt and 523.00p based on market value debt. The cum-income net asset value per ordinary share was 526.88p based on par value debt and 534.65p based on market value debt.
| Date | 7 Mar 2024 |
| Time | 14:00:08 |
| Category | Corporate updates |
| ID | 0439G |
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 06 March 2024:
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 515.23p.
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 523.00p.
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 526.88p.
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 534.65p.
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
07 March 2024