Merchants Trust PLC (MRCH)LSE: MRCH

Merchants Trust: Net Asset Value(s)

· Issued by Merchants Trust PLC (MRCH) via RNS

Summary by 6ix AI

The Merchants Trust PLC said that at close of business on October 28, 2026, its cum-income net asset value (assets minus liabilities per share, including income earned) per ordinary share was 698.89p, with its long term debt and preference shares valued at par.

Key details

  • With long term debt and preference shares valued at market value, the cum-income net asset value per ordinary share was 713.24p.
  • The capital net asset value per ordinary share, which excludes income, was 688.52p with long term debt and preference shares at par value, and 702.88p with them at market value.
  • For the market valuation of long term debt, the margin over the reference UK government bond (gilt) yield comes from the spread of A-rated UK corporate bond yields over gilt yields. The exception is the Loan Notes issued on December 18, 2017, which are valued at the yield over the reference gilt at which they were issued.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/net-asset-values-17188

Merchants Trust PLC
29 October 2026
 

The Merchants Trust PLC

LEI: 5299008VJFXCUD2EG312

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 28 October 2026:

  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 688.52p.
  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 702.88p.
  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 698.89p.
  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 713.24p.

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 A UK corporate bond yields over gilt yields, with the exception that the Loan Notes issued on 18 December 2017 are valued at the yield over the reference gilt at which they were issued.

Enquiries:

Nira Mistry                    

Tel: 07 554 224 339

29 October 2026

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