Merchants Trust PLC Net Asset Value(s) (1346B)

TIDMMRCH

RNS Number : 1346B

Merchants Trust PLC

18 September 2018

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 17 September 2018:

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               520.07p. 

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               500.29p. 

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               535.53p. 

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             515.74p. 

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: [phone]

18 September 2018

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September 18, 2018 07:29 ET (11:29 GMT)