Net Asset Value(s)

RNS Number : 0069A

Merchants Trust PLC

23 September 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 22 September 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 435.38p.

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 413.52p.

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 448.11p.

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 426.25p.

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]

23 September 2015

 

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