Last checked at 3 Nov 2016 13:46
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 2 November 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 478.78p.
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 454.36p.
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 487.48p.
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 463.05p.
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
3 November 2016