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Merchants Trust PLC announced its net asset values per ordinary share at the close of business on 13 January 2026. The capital net asset value per ordinary share was 617.78p based on par value long-term debt and preference shares, and 627.67p based on market value. The cum-income net asset value per ordinary share was 633.66p using par value, and 643.55p using market value for the long-term debt and preference shares.
| Date | 14 Jan 2026 |
| Time | 14:42:39 |
| Category | Corporate updates |
| ID | 9290O |
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 13 January 2026:
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 617.78p.
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 627.67p.
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 633.66p.
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 643.55p.
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
14 January 2026