Last checked at 28 Sep 2016 14:29
The Merchants Trust PLC
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 on 27 September 2016:
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 472.72p.
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 442.63p.
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 485.62p.
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 455.53p.
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 BBB UK corporate bond yields over gilt yields.
Enquiries:
Kirsten Salt
Tel: 020 3246 7513
28 September 2016