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 per ordinary share, meaning the value of its assets less its liabilities for each share, at close of business on October 9, 2026. It calculated the figure four ways: on a capital basis and on a cum-income basis (including income), each with its long term debt and preference shares valued at par (face value) and at market value.

Key details

  • Capital net asset value per ordinary share was 662.46p with long term debt and preference shares at par value, and 676.97p with them at market value.
  • Cum-income net asset value per ordinary share was 672.30p with long term debt and preference shares at par value, and 686.81p with them at market value.
  • At market value, long term debt is valued using the yield on a reference gilt (UK government bond) plus a margin taken 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-9565

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 09 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 662.46p.

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 676.97p.

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 672.30p.

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 686.81p.

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

12 October 2026

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