⌘K
t
Merchants Trust PLC announced its net asset values per ordinary share as at close of business on 24 October 2025. The capital net asset value per ordinary share was 593.34p based on the par value of its long-term debt and preference shares, and 604.69p based on the market value of its long-term debt and preference shares. The cum-income net asset value per ordinary share was 603.14p based on the par value of its long-term debt and preference shares, and 614.49p based on the market value of its long-term debt and preference shares.
| Date | 27 Oct 2025 |
| Time | 12:48:07 |
| Category | Corporate updates |
| ID | 9759E |
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 24 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 593.34p.
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 604.69p.
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 603.14p.
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 614.49p.
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
27 October 2025