Net Asset Value(s)
Source: RNSThe 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 19 June 2019:
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 492.66p.
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 470.25p.
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 506.87p.
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 484.46p.
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:
Kirsten Salt
Tel: 020 3246 7513
20 June 2019
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