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 reported its net asset value per ordinary share (the value of its assets minus its liabilities, per share) at close of business on October 26, 2026. It calculated the figures on both a capital basis and a cum-income basis (one that also counts income earned), as recommended by the AIC (Association of Investment Companies).

Key details

  • Valuing its long term debt and preference shares at par (face value), the capital net asset value per ordinary share was 689.62p and the cum-income net asset value per ordinary share was 699.99p.
  • Valuing its long term debt and preference shares at market value, the capital net asset value per ordinary share was 703.96p and the cum-income net asset value per ordinary share was 714.33p.
  • For the market value of its long term debt, the company adds a margin to the yield of a reference gilt (UK government bond), based on 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-17190

Merchants Trust PLC
27 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 26 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 689.62p.
  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 703.96p.
  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 699.99p.
  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 714.33p.

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

27 October 2026

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 

Merchants Trust PLC (MRCH) on 6ix

Earlier from Merchants Trust PLC (MRCH)

All Merchants Trust PLC (MRCH) news releases