Net Asset Value(s)

RNS Number : 9967D

Merchants Trust PLC

22 September 2008

 



The Merchants Trust plc

As recommended by the AIC, with effect from 1 June 2008, net asset values are calculated on both a capital and a cum-income basis.

The Merchants Trust PLC announces that at close of business on 19 September 2008:

• based on the book value of the company's long term debt and preference shares, its capital net asset value per ordinary share was 405.79p; and

• based on the market value of the company's long term debt and preference shares, its capital net asset value per ordinary share was 386.79p.

• based on the book value of the company's long term debt and preference shares, the cum-income net asset value per ordinary share was 420.09p.

• 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 401.10p.

The market values of the company's long term debt and preference shares are based on closing Stock Exchange Daily Official List prices (with the exception of the 2029 5.875% debenture stock where the market value is derived by applying an interest rate that represents a suitable premium over a comparable gilt) and are updated monthly.

Enquiries:  

Kirsten Salt

Tel: [phone]

22 September 2008

 

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