Net Asset Value(s)

RNS Number : 4757X

Merchants Trust PLC

19 November 2014

 



The Merchants Trust plc

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 on 18 November 2014:

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 493.46p.

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 469.01p.

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 504.06p.

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 479.60p.

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 BBB UK corporate bond yields over gilt yields.

Enquiries: 

Kirsten Salt

Tel: [phone]

19 November 2014

 

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