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.
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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%.
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