Net Asset Value(s)

RNS Number : 1086V

Mercantile Investment Trust(The)PLC

31 October 2017

 

THE MERCANTILE INVESTMENT TRUST PLC  (the 'Company')
Legal Entity Identifier: 549300BGX3CJIHLP2H42
THE COMPANY ANNOUNCES THE UNAUDITED NET ASSET VALUES (NAV) As at:  30 October 2017
THE CAPITAL ONLY NET ASSET VALUE PER SHARE IN PENCE, WITH DEBT AT PAR VALUE:	2,384.5
THE CAPITAL ONLY NET ASSET VALUE PER SHARE IN PENCE, WITH DEBT AT FAIR VALUE:	2,296.9
THE NET ASSET VALUE PER SHARE IN PENCE, INCLUDING INCOME WITH DEBT AT PAR VALUE:	2,418.1
THE NET ASSET VALUE PER SHARE IN PENCE, INCLUDING INCOME WITH DEBT AT FAIR VALUE:	2,330.5
The debt has been fair valued using discounted cash flow techniques based on the yield from a similar dated gilt plus a margin based on the 5 year average for the AA Barclays Sterling corporate bond spread
Please note that with effect from 2 November 2017 (cob 1 November 2017) only one NAV will be released to the market on a daily basis, being the cum income NAV with debt at fair.
The other NAVs will still be calculated on a daily basis and will be published on the Company's website on a monthly basis.  The first publication will be on 1 December 2017.
Name of contact and telephone number for queries:
Debbie Sarfas 0044 207 742 3449
Name of authorised company official responsible for making this notification:
Jonathan Latter 0044 207 742 3408 - Company Secretary
Date: 31 October 2017

 

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