⌘K
t
The Merchants Trust PLC announced its net asset values per ordinary share at the close of business on 23 December 2025. Based on par value debt, the capital NAV was 605.67p and the cum-income NAV was 621.23p. Based on market value debt, the capital NAV was 614.67p and the cum-income NAV was 630.23p.
| Date | 24 Dec 2025 |
| Time | 13:08:21 |
| Category | Corporate updates |
| ID | 8742M |
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 23 December 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 605.67p.
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 614.67p.
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 621.23p.
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 630.23p.
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
24 December 2025