BlackRock Smaller Companies Trust, managed by Mike Prentis (pictured), has announced that its board is considering the removal of the current restriction that the value of AIM-listed stocks should not exceed 40 per cent. of the Company’s portfolio. The board says that the proposal comes in the light of the development and evolution of the AIM market in recent years and that, subject to receiving the requisite consents and regulatory approvals, it may put forward a resolution at the Trust’s AGM in June proposing that the restriction be removed.
About BlackRock Smaller Companies Trust
BlackRock Smaller Companies tries to achieve long term capital growth for shareholders through investment mainly in smaller UK quoted companies. The manager tries to achieve the objective by focusing on good quality growth companies that are trading well; stock selection is the primary focus but consideration is also given to sector weightings and underlying themes. Whilst there are no set limits on individual sector exposures against the Company’s benchmark, a schedule of sector weightings is presented at each Board meeting for review. The Trust is listed on the London Stock Exchange. It is managed by Mike Prentis.
BlackRock Smaller Companies considers removing 40% restriction on AIM-listed stocks : BRSC