Net Asset Value(s)
Summary by AI BETAClose X
The Merchants Trust reports net asset values at close of business on 05 November 2026: capital NAV per ordinary share 699.23p (based on par value of long-term debt and preference shares) and 712.91p (based on market value), and cum-income NAV per ordinary share 709.85p (par) and 723.52p (market). The market valuation of long-term debt applies a margin derived from the spread of UK corporate bond yields over gilt yields, with Loan Notes issued 18 December 2017 valued at their original issuance yield.
Merchants Trust PLC
06 November 2026
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 05 November 2026:
- based on the par value of the company’s long term debt and preference shares, the capital net asset value per ordinary share was 699.23p.
- based on the market value of the company’s long term debt and preference shares, the capital net asset value per ordinary share was 712.91p.
- 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 709.85p.
- 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 723.52p.
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
06 November 2026
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