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About the company
Downing Strategic Micro-Cap Investment Trust plc is a United Kingdom-based investment company. The Company's investment objective is to generate capital growth for shareholders over the long term from active involvement in a focused portfolio of United Kingdom micro-cap companies (those whose market capitalizations are under £150 million at the time of investment) targeting a compound return of 15% per annum over the long term. The Company's portfolio of investments typically comprises between 12 and 18 holdings. It typically seeks to hold between 3% and 25% of the equity of these investee companies, notwithstanding the ability to use debt instruments alongside equity. Typically, investments are appraised over a three to seven-year investment horizon. It invests in various sectors, including consumer discretionary, industrials, cash, support services, electrical equipment, financial services and telecommunications. The Company's investment manager is Downing LLP.
- Revenue in GBP (TTM)-2.05m
- Net income in GBP-4.20m
- Incorporated2017
- Employees0.00
- LocationDowning Strategic Micro-Cap Inv. Trust plc6th FloorSt. Magnus House, 3 Lower Thames StreetCHELMSFORD EC3R 6HDUnited KingdomGBR
- Phone+44 12 4539 8950
- Websitehttps://www.downing.co.uk/investor/offers/downing-strategic-micro-cap-investment-trust
Profile
| Management group(s) | Downing LLP |
|---|---|
| AIC sector | UK Smaller Companies |
| ISIN | GB00BF0SCX52 |
| Launch date | 09 May 2017 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To manage with the intention of realising all remaining assets in the Company’s portfolio in a prudent manner consistent with the principles of good investment management and with a view to returning cash to shareholders in an orderly manner.
Managed by
| Judith Mackenzie, Nicholas Hawthorn |
|---|
Management & contract fees
Investment Management Agreement provides for an investment management fee calculated as 1/12th of 1% of the Market Capitalisation and payable on a monthly basis in arrears. No performance fee is payable to the Investment Manager.
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