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The Merchants Trust PLC announced its net asset values per ordinary share at the close of business on 19 September 2025. The capital net asset value was 563.39p based on the par value of debt and preference shares, and 575.27p based on their market value. The cum-income net asset value was 579.27p based on the par value of debt and preference shares, and 591.16p based on their market value.
| Date | 22 Sept 2025 |
| Time | 13:56:35 |
| Category | Corporate updates |
| ID | 2876A |
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 19 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 563.39p.
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 575.27p.
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 579.27p.
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 591.16p.
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
22 September 2025