Net Asset Value(s)

RNS Number : 1218P

Merchants Trust PLC

15 February 2016

 

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 12 February 2016:

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 405.61p.

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 385.15p.

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 412.15p.

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 391.70p.

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]

15 February 2016

 

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