Merchants Trust PLC (MRCH)LSE: MRCH

Merchants Trust: Net Asset Value(s)

· Issued by Merchants Trust PLC (MRCH) via RNS

Summary by 6ix AI

At close of business October 1, 2026, The Merchants Trust PLC's net asset value (assets minus liabilities) per ordinary share was 656.71p on a capital basis and 673.92p on a cum-income basis (including income earned), valuing its long term debt and preference shares at par (face value).

Key details

  • Valuing its long term debt and preference shares at market value, the capital net asset value per ordinary share was 671.17p and the cum-income net asset value per ordinary share was 688.38p.
  • Net asset values are calculated on both a capital and a cum-income basis, as recommended by the AIC (Association of Investment Companies).
  • 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 UK corporate bonds rated A 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-9571

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 01 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 656.71p.

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 671.17p.

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 673.92p.

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 688.38p.

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

02 October 2026

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