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The Merchants Trust PLC announced net asset values per ordinary share calculated at close of business on 10 April 2026. The capital net asset value was 623.09p based on par value debt and 635.35p based on market value debt. The cum-income net asset value was 639.78p based on par value debt and 652.05p based on market value debt.
| Date | 13 Apr 2026 |
| Time | 13:36:15 |
| Category | Corporate updates |
| ID | 2433A |
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 10 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 623.09p.
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 635.35p.
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 639.78p.
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 652.05p.
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
13 April 2026