Net Asset Value(s)

RNS Number : 0121G

Merchants Trust PLC

26 February 2015

 

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 25 February 2015:

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 521.65p.

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 490.85p.

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 528.99p.

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 498.19p.

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]

26 February 2015

 

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