Replacement Net Asset Value(s)

RNS Number : 7690K

Merchants Trust PLC

01 August 2013

 



The following replaces "Net Asset Value(s)" announcement dated Thursday 1 August 2013 at 13.49 under RNS Number 7479K.

The method used to value debentures on a monthly basis has changed.  The full correct announcement appears below.

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 31 July 2013:

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 515.24p.

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 491.29p.

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 523.49p.

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 499.54p.

Following a review by the Board on the valuation of the company's long term debt at market value, the margin added to the yield of the relevant reference gilt will, with immediate effect, be derived from the spread of BBB UK corporate bond yields over gilt yields.

Enquiries: 

Kirsten Salt

Tel: [phone]

1 August 2013

 

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