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 gave its net asset value (the value of its assets less its liabilities) per ordinary share at close of business on October 19, 2026. It calculated it on a capital basis and on a cum-income basis (including current income), with long term debt and preference shares valued both at par (face) value and at market value.

Key details

  • Capital net asset value per ordinary share was 687.15p with long term debt and preference shares at par value, and 701.71p with them at market value.
  • Cum-income net asset value per ordinary share was 697.13p with long term debt and preference shares at par value, and 711.69p with them at market value.
  • For the market value of long term debt, the margin added to the yield of the relevant reference gilt (UK government bond) comes from the spread of A-rated UK corporate bond yields over gilt yields. The Loan Notes issued on December 18, 2017 are instead 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-12237

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 19 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 687.15p.

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 701.71p.

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 697.13p.

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 711.69p.

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

20 October 2026

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