Net Asset Value(s)
Summary by AI BETAClose X
At close of business on 06 November 2026, Merchants Trust reported capital net asset value per ordinary share of 688.97p on a par-value basis and 702.65p on a market-value basis, and cum-income net asset value per ordinary share of 699.58p (par) and 713.26p (market). The company states long-term debt at market value using a margin derived from the spread of A UK corporate bond yields over gilt yields, with Loan Notes issued 18 December 2017 valued at the yield over the reference gilt at issuance. These NAV figures are the primary metrics affecting per-share valuation.
Merchants Trust PLC
09 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 06 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 688.97p.
- based on the market value of the company’s long term debt and preference shares, the capital net asset value per ordinary share was 702.65p.
- 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 699.58p.
- 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 713.26p.
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
09 November 2026
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