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The Merchants Trust PLC announced its net asset values per ordinary share at close of business on 08 September 2025. Based on the par value of its long-term debt and preference shares, the capital net asset value was 565.95p and the cum-income net asset value was 580.72p. When calculated using the market value of its long-term debt and preference shares, the capital net asset value was 577.78p and the cum-income net asset value was 592.55p.
| Date | 9 Sept 2025 |
| Time | 13:22:41 |
| Category | Corporate updates |
| ID | 6390Y |
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 08 September 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 565.95p.
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 577.78p.
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 580.72p.
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 592.55p.
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:
Nira Mistry
Tel: 075 5422 4339
09 September 2025