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 November 5, 2026, its cum-income net asset value (the value of its assets less liabilities, including income earned) per ordinary share was 709.85p with its long-term debt and preference shares at par value, and 723.52p with them at market value.

Key details

  • On a capital basis (excluding income), net asset value per ordinary share was 699.23p with long-term debt and preference shares at par value, and 712.91p with them at market value.
  • Net asset values are calculated on both a capital and a cum-income basis, as recommended by the AIC (the Association of Investment Companies, a UK industry body).
  • For the market value of long-term debt, the margin added to the reference UK government bond (gilt) 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-22214

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:

  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 699.23p.
  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 712.91p.
  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 709.85p.
  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 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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