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 at close of business on October 5, 2026. Net asset value is the value of a fund's assets less its liabilities. It is calculated on a capital basis and on a cum-income basis, the latter including income.

Key details

  • Capital net asset value per ordinary share was 655.21p with long term debt and preference shares valued at par (face value), and 669.70p with them valued at market value.
  • Cum-income net asset value per ordinary share was 672.45p with long term debt and preference shares valued at par, and 686.93p with them valued at market value.
  • For the market valuation 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 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-9569

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 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 655.21p.

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 669.70p.

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 672.45p.

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 686.93p.

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 October 2026

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