Merchants Trust PLC (MRCH)LSE: MRCH

Merchants Trust: Net Asset Value(s)

· Issued by Merchants Trust PLC (MRCH) via RNS

Summary by 6ix AI

The Merchants Trust PLC reported its net asset value (the value of its assets minus its liabilities) per ordinary share at close of business on October 16, 2026, calculated four ways: on a capital basis and a cum-income basis (including income earned), each using either the par (face) value or the market value of its long term debt and preference shares.

Key details

  • Capital basis: 692.89p per ordinary share using the par value of long term debt and preference shares, and 707.43p using their market value.
  • Cum-income basis: 702.89p per ordinary share using the par value of long term debt and preference shares, and 717.43p using their market value.
  • Both the capital and cum-income bases are used as recommended by the AIC, the Association of Investment Companies.
  • For the market value of long term debt, the margin over the reference gilt (UK government bond) yield is based on the spread of A-rated UK corporate bond yields over gilt yields, except that the Loan Notes issued on December 18, 2017 are valued at the yield over the reference gilt at which they were issued.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/net-asset-values-11440

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 16 October 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 692.89p.

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 707.43p.

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 702.89p.

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 717.43p.

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

19 October 2026

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