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The Merchants Trust PLC announced its net asset values per ordinary share at the close of business on 22 April 2024. The capital net asset value was 538.38p based on par value debt and 546.01p based on market value debt. The cum-income net asset value was 546.47p based on par value debt and 554.10p based on market value debt.
| Date | 23 Apr 2024 |
| Time | 12:44:29 |
| Category | Corporate updates |
| ID | 7177L |
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 22 April 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 538.38p.
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 546.01p.
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 546.47p.
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 554.10p.
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
23 April 2024