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The Merchants Trust PLC announced its net asset values per ordinary share at close of business on 30 April 2026. The capital net asset value per ordinary share was 615.88p based on par value debt and 628.75p based on market value debt. The cum-income net asset value per ordinary share was 627.49p based on par value debt and 640.36p based on market value debt.
| Date | 1 May 2026 |
| Time | 14:00:43 |
| Category | Corporate updates |
| ID | 8568C |
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 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 615.88p.
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 628.75p.
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 627.49p.
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 640.36p.
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
01 May 2026