Net Asset Value(s)

RNS Number : 5383F

Merchants Trust PLC

12 November 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 11 November 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 459.96p.

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 438.90p.

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 469.80p.

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 448.75p.

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]

12 November 2015

 

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