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The Merchants Trust PLC announced its net asset values per ordinary share at the close of business on 17 October 2025. The capital net asset value per ordinary share was 569.20p based on the par value of the company's long term debt and preference shares, and 580.75p based on market value. The cum-income net asset value per ordinary share was 578.69p based on the par value of the company's long term debt and preference shares, and 590.24p based on market value.
| Date | 20 Oct 2025 |
| Time | 12:59:11 |
| Category | Corporate updates |
| ID | 0647E |
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 17 October 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 569.20p.
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 580.75p.
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 578.69p.
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 590.24p.
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
20 October 2025