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 its net asset value per ordinary share (the value of its assets minus its liabilities, per share) at close of business on October 27, 2026 was 690.06p on a capital basis and 700.43p on a cum-income basis (including income), with its long term debt and preference shares valued at par (face value).

Key details

  • With long term debt and preference shares valued at market value instead, the capital net asset value per ordinary share was 704.42p and the cum-income net asset value per ordinary share was 714.78p.
  • For the market valuation of long term debt, the margin added to the yield of the relevant reference gilt (a UK government bond) comes from the spread of A 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-17189

Merchants Trust PLC
28 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 27 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 690.06p.
  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 704.42p.
  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 700.43p.
  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 714.78p.

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

28 October 2026

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