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 said that at close of business on October 21, 2026, its cum-income net asset value (the value of its assets less liabilities, including income earned, per share) was 696.09p per ordinary share, with its long-term debt and preference shares valued at par (face value).

Key details

  • With long-term debt and preference shares valued at par, the capital net asset value per ordinary share was 686.12p and the cum-income net asset value per ordinary share was 696.09p.
  • With long-term debt and preference shares valued at market value, the capital net asset value per ordinary share was 700.44p and the cum-income net asset value per ordinary share was 710.41p.
  • For the market valuation, the debt is priced using a margin added to the yield on a reference gilt (UK government bond). That margin is derived from the spread of A UK corporate bond yields over gilt yields, the gap between the two yields. The exception is the Loan Notes issued on December 18, 2017, which 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-13831

Merchants Trust PLC
22 October 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 21 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 686.12p.
  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 700.44p.
  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 696.09p.
  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 710.41p.

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

22 October 2026

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