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The Merchants Trust PLC announced its net asset values per ordinary share at close of business on 06 March 2025. The capital net asset value per ordinary share was 537.23p based on par value debt and 546.83p based on market value debt. The cum-income net asset value per ordinary share was 547.82p based on par value debt and 557.42p based on market value debt.
| Date | 7 Mar 2025 |
| Time | 14:53:06 |
| Category | Corporate updates |
| ID | 8778Z |
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 2025:
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 537.23p.
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 546.83p.
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 547.82p.
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 557.42p.
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:
Kelly Nice
Tel: 020 3246 7475
07 March 2025