The Merchants Trust (MRCH) adopts a long-term approach to investing in UK equities, aiming to generate an above-average level of income along with long-term capital and income growth. The trust has announced a refinancing of its first tranche of high-cost debt, which will bring its effective cost of borrowing down from 8.5% to 6.1%, saving £2.8m in annual interest costs and locking in low-cost funding for the next 35 years. The board adopts a progressive dividend policy; annual dividend
03 Nov 2017
The Merchants Trust - Benefits from announced debt refinancing
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The Merchants Trust - Benefits from announced debt refinancing
Merchants Trust PLC (MRCH:LON) | 534 16 0.6% | Mkt Cap: 792.1m
- Published:
03 Nov 2017 -
Author:
Mel Jenner -
Pages:
8
The Merchants Trust (MRCH) adopts a long-term approach to investing in UK equities, aiming to generate an above-average level of income along with long-term capital and income growth. The trust has announced a refinancing of its first tranche of high-cost debt, which will bring its effective cost of borrowing down from 8.5% to 6.1%, saving £2.8m in annual interest costs and locking in low-cost funding for the next 35 years. The board adopts a progressive dividend policy; annual dividend