The Merchant's Trust saw a small reduction in its net asset value (NAV) during the between from 1 August to 31 October, alongside a number of other falls.
NAV decreased from 396.04p at 31 October to 373p at 21 November, while net gearing also fell slightly from 26.3% to 26.9%.
Total assets dropped from 523,477,866 to 497,760,321, while the share price dropped from 376.5p to 349.7p.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The discount, the difference between the share price and the NAV per share expressed as a percentage of the NAV per share, rose from 4.9% to 6.2%, while the yield rose from 6.1% to 6.5%.
NR
-
What is Rory McIlroy’s net worth?Rory McIlroy’s net worth has surged after the Northern Irish golfer won his first Career Grand Slam, earning his place among golf legends. We take a deep dive into his fortune.
-
Review: Shangri-La Le Touessrok – connecting with magical MauritiusSarah Lee soaks up the authenticity of Mauritius at the Shangri-La Le Touessrok
