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The Merchants Trust PLC announced its net asset values per ordinary share at the close of business on 01 April 2026. The capital net asset values were 609.30p (based on par value debt) and 621.52p (based on market value debt), while the cum-income net asset values were 622.53p (based on par value debt) and 634.75p (based on market value debt).
| Date | 2 Apr 2026 |
| Time | 14:15:17 |
| Category | Corporate updates |
| ID | 3100Z |
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 01 April 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 609.30p.
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 621.52p.
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 622.53p.
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 634.75p.
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
02 April 2026