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
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%.
Nvidia becomes the fourth biggest company in the world - should you invest?
Chipmaker Nvidia is riding the AI wave, and has overtaken Alphabet and Amazon in terms of market capitalisation. Have new investors missed the boat, or will the share price soar higher?
By Ruth Emery Published
Savings market heats up as providers boost rates - should you switch now for a better return?
In a surprising twist, more and more banks are now hiking their savings rates. Is it a good time to move your money and grab a better rate?
By Vaishali Varu Published