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 (the value of its assets less its liabilities) per ordinary share at close of business on September 30, 2026. It gives four figures, using both capital and cum-income (income included) measures, as recommended by the AIC (Association of Investment Companies).

Key details

  • On a capital basis, net asset value per ordinary share was 670.50p with long term debt and preference shares at par (face) value, and 684.96p with them at market value.
  • On a cum-income basis, net asset value per ordinary share was 687.35p with long term debt and preference shares at par value, and 701.81p with them at market value.
  • To value long term debt at market value, the company adds a margin to the yield of a reference gilt (UK government bond). The margin 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. These 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-9572

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 30 September 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 670.50p.

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 684.96p.

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 687.35p.

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 701.81p.

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

01 October 2026

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