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The Merchants Trust PLC announced its net asset values per ordinary share at the close of business on 30 March 2026. The capital net asset value was 595.75p based on par value debt and 604.57p based on market value debt. The cum-income net asset value was 609.06p based on par value debt and 617.88p based on market value debt.
| Date | 31 Mar 2026 |
| Time | 14:22:06 |
| Category | Corporate updates |
| ID | 8978Y |
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 30 March 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 595.75p.
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 604.57p.
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 609.06p.
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 617.88p.
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
31 March 2026