t
The Merchants Trust PLC announced its net asset values per ordinary share at the close of business on 27 January 2026. The capital NAVs were 632.47p (based on par value debt) and 641.68p (based on market value debt), while the cum-income NAVs were 648.29p (based on par value debt) and 657.50p (based on market value debt).
| Date | 28 Jan 2026 |
| Time | 13:53:28 |
| Category | Corporate updates |
| ID | 7759Q |
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 27 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 632.47p.
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 641.68p.
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 648.29p.
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 657.50p.
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
28 January 2026