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The Merchants Trust PLC announced its net asset values (NAV) per ordinary share at the close of business on 12 August 2026. Based on the par value of its long-term debt and preference shares, the capital NAV per ordinary share was 689.18p, and the cum-income NAV per ordinary share was 701.61p. When valued using the market value of the long-term debt and preference shares, the capital NAV was 702.28p and the cum-income NAV was 714.71p.
| Date | 13 Aug 2026 |
| Time | 13:56:16 |
| Category | Corporate updates |
| ID | 6197Q |
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 12 August 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 689.18p.
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 702.28p.
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 701.61p.
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 714.71p.
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: 07 554 224 339
13 August 2026