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  3. Downing Strate. Share Price
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  5. Downing Strategic Micro-Cap Investment Trust proceeds with wind down

Pin to quick picksDowning Strate. Share News (DSM)

Downing Strate. Information

Share Price Information for Downing Strate. (DSM)

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Downing Strategic Micro-Cap is an Investment Trust

To generate long-term shareholders returns, mainly in the form of capital growth through a focused portfolio of UK micro-cap investments comprising of quoted and unquoted holdings.

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Downing Strategic Micro-Cap Investment Trust proceeds with wind down

Thu, 28th Dec 2023 12:39

(Alliance News) - Downing Strategic Microcap Investment Trust PLC on Thursday gave an update on its managed wind-down.

In November, the London-based investment trust concluded that a managed wind down of its investment portfolio would be the best means of returning capital to shareholders.

On Thursday, the company predicted that it will be able to return 50% of its current market value in cash to shareholders within the first half of 2024. This will be followed by a complete wind down.

The company noted that bids for its portfolio companies continue to be made "at premiums to their share price".

As of December 27, the company's total assets were valued at GBP31.2 million.

The company also said that, while it is intent on returning capital to shareholders in the most tax efficient manner, it will remain open to alternative options for the future of the company that "merit consideration".

The company expects to provide a further update to shareholders in mid-January.

Downing Strategic Microcap's shares were up 2.0% at 59.18 pence each in London at midday on Thursday

By Hugh Cameron, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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19 Apr 2024 13:09

UK dividends calendar - next 7 days

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Blackfinch Spring VCT PLCdividend payment date
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BlackRock Sustainable American Income Trust PLCdividend payment date
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Downing Strategic Micro-Cap Investment Trust PLCspecial dividend payment date
Entain PLCdividend payment date
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JPMorgan Emerging Markets Investment Trust PLCdividend payment date
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Martin Currie Global Portfolio Trust PLCdividend payment date
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Oakley Capital Investments Ltddividend payment date
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4 Apr 2024 13:08

UK dividends calendar - next 7 days

Friday 5 April 
BBGI Global Infrastructure SAdividend payment date
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Pennon Group PLCdividend payment date
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Rights & Issues Investment Trust PLCdividend payment date
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Titon Holdings PLCdividend payment date
Triple Point Energy Transition PLCdividend payment date
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Alumasc Group PLCdividend payment date
LondonMetric Property PLCdividend payment date
Redrow PLCdividend payment date
Tuesday 9 April 
CT Global Managed Portfolio Trust PLCdividend payment date
Downing Strategic Micro-Cap Investment Trust PLCdividend payment date
Dunelm Group PLCspecial dividend payment date
Hays PLCdividend payment date
Renishaw PLCdividend payment date
Safestore Holdings PLCdividend payment date
Wednesday 10 April 
Assura PLCdividend payment date
Primorus Investments PLCspecial dividend payment date
Wilmington PLCdividend payment date
Thursday 11 April 
Amedeo Air Four Plus Ltdex-dividend payment date
Athelney Trust PLCdividend payment date
Aviva PLCex-dividend payment date
Balanced Commercial Property Trust Ltdex-dividend payment date
Barratt Developments PLCex-dividend payment date
Begbies Traynor Group PLCex-dividend payment date
Bioventix PLCex-dividend payment date
Blackfinch Spring VCT PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCex-dividend payment date
Caledonia Mining Corpex-dividend payment date
Capital & Regional PLCex-dividend payment date
Chesnara PLCex-dividend payment date
Colefax Group PLCdividend payment date
CT Private Equity Trust PLCex-dividend payment date
Downing Strategic Micro-Cap Investements Trust PLCex-dividend payment date
Driver Group PLCdividend payment date
F&C Investment Trust PLCex-dividend payment date
Foxtons Group PLCex-dividend payment date
Grafton Group PLCex-dividend payment date
GSK PLCdividend payment date
Harbour Energy PLCex-dividend payment date
Hargreaves Services PLCdividend payment date
Howden Joinery Group PLCex-dividend payment date
Hunting PLCex-dividend payment date
i3 Energy PLCex-dividend payment date
International Personal Finance PLCex-dividend payment date
International Public Partnerships Ltdex-dividend payment date
ITV PLCex-dividend payment date
Johnson Service Group PLCex-dividend payment date
JPMorgan Asia Growth & Income PLCex-dividend payment date
JPMorgan Japan Small Cap Growth & Income PLCex-dividend payment date
Just Group PLCex-dividend payment date
Kenmare Resources PLCex-dividend payment date
Kerry Group PLCex-dividend payment date
Kings Arms Yard VCT PLCex-dividend payment date
Law Debenture Corp PLCdividend payment date
Lloyds Banking Group PLCex-dividend payment date
Lowland Investment Cos PLCex-dividend payment date
Luceco PLCex-dividend payment date
Man Group PLCex-dividend payment date
Manchester & London Investement Trust PLCex-dividend payment date
Marble Point Loan Financing Ltdex-dividend payment date
Mercantile Investment Trust PLCex-dividend payment date
Mobius Investment Trust PLCex-dividend payment date
MTI Wireless Edge Ltddividend payment date
North American Income Trust PLCex-dividend payment date
Northamber PLCex-dividend payment date
Octopus Apollo VCT PLCex-dividend payment date
Phoenix Group Holdings PLCex-dividend payment date
Reckitt Benckiser Group PLCex-dividend payment date
Ricardo PLCdividend payment date
Savills PLCex-dividend payment date
Schroder Asian Total Return Investment Cos PLCex-dividend payment date
Schroder European Real Estate Investment Trust PLCex-dividend payment date
Scottish American Investment Cos PLCdividend payment date
Smurfit Kappa Group PLCex-dividend payment date
Softcat PLCex-dividend payment date
Somero Enterprises Incex-dividend payment date
Supermarket Income REIT PLCex-dividend payment date
Synectics PLCex-dividend payment date
TP ICAP Group PLCex-dividend payment date
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A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
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3 Apr 2024 17:31

Downing Strategic wind down blocked by new shareholder Milkwood

(Alliance News) - Downing Strategic Micro-Cap Investment Trust PLC on Wednesday said its proposed wind-down was voted down due to a new shareholder casting against it, while declaring a new dividend.

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2 Apr 2024 13:24

UK dividends calendar - next 7 days

Wednesday 3 April 
Barclays PLCdividend payment date
Tetragon Financial Group Ltddividend payment date
Thursday 4 April 
Alpha Group International PLCex-dividend payment date
Apax Global Alpha Ltddividend payment date
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Chelverton UK Dividend Trust PLCex-dividend payment date
CT UK High Income Trust  PLC - Class Bex-dividend payment date
Dalata Hotel Group PLCex-dividend payment date
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Martin Currie Global Portfolio Trust PLCex-dividend payment date
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Rentokil Initial PLCex-dividend payment date
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Schroder Income Growth Fund PLCex-dividend payment date
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Smiths Group PLCex-dividend payment date
South32 Ltddividend payment date
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Friday 5 April 
BBGI Global Infrastructure SAdividend payment date
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Rights & Issues Investment Trust PLCdividend payment date
Sylvania Platinum Ltddividend payment date
Titon Holdings PLCdividend payment date
Triple Point Energy Transition PLCdividend payment date
Monday 8 April 
Alumasc Group PLCdividend payment date
LondonMetric Property PLCdividend payment date
Redrow PLCdividend payment date
Tuesday 9 April 
CT Global Managed Portfolio Trust PLCdividend payment date
Downing Strategic Micro-Cap Investment Trust PLCdividend payment date
Dunelm Group PLCspecial dividend payment date
Hays PLCdividend payment date
Renishaw PLCdividend payment date
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Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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27 Mar 2024 13:22

UK shareholder meetings calendar - next 7 days

Thursday 28 March 
Autins Group PLCAGM
Dar Global PLCAGM
Guild Esports PLCAGM
Idox PLCAGM
Law Debenture Corp PLCAGM
Malin CorpAGM
MediaZest PLCAGM
React Group PLCAGM including vote on share consolidation
Friday 29 March 
no events scheduled 
Monday 1 April 
no events scheduled 
Tuesday 2 April 
Catenai PLCGM re share issue
Wednesday 3 April 
Downing Strategic Micro-Cap Investment Trust PLCGM re approval of B share scheme
Quantum Exponential Group PLCGM re delisting or potential investment in company
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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22 Mar 2024 18:13

IN BRIEF: Milkwood takes stake in Downing Strategic Micro-Cap

Downing Strategic Micro-Cap Investment Trust PLC - London-based investment trust - Milkwood Capital, a long-term value-oriented fund manager based in Windsor, England, states it recently bought a near 17% stake in the company through the Milkwood Fund. Milkwood intends to vote against all resolutions tabled at the upcoming general meeting and plans to build its stake further. Milkwood believes that the UK equity market is materially undervalued, with this undervaluation even more pronounced in smaller-sized companies, which is where DSM's portfolio is invested. Believes DSM provides an excellent vehicle to explore this opportunity. In November, company says it has concluded that a managed wind down of its investment portfolio would be the best means of returning capital to shareholders. In December, it predicted that it will be able to return 50% of its current market value in cash to shareholders within the first half of 2024.

Read more
20 Mar 2024 18:11

TRADING UPDATES: ReNeuron appoints administrators as rescue talks fail

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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28 Feb 2024 20:31

TRADING UPDATES: Avacta plans fundraise to fund clinical development

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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21 Feb 2024 15:14

UK shareholder meetings calendar - next 7 days

Thursday 22 February 
Bankers Investment Trust PLCAGM
Narf Industries PLCAGM
RWS Holdings PLCAGM
Sunrise Resources PLCAGM
Friday 23 February 
Blencowe Resources PLCAGM
Bluebird Merchant Ventures LtdAGM
Caledonian Trust PLCAGM
Chemring Group PLCAGM
Marble Point Loan Financing LtdEGM
Monday 26 February 
Oncimmune Holdings PLCAGM
Tuesday 27 February 
abrdn Diversified Income & Growth PLCAGM
Asian Energy Impact Trust PLCGM re annual accounts
Custodian Property Income REIT PLCGM re merger with abrdn Property Income Trust Ltd
JPMorgan Mid Cap Investment Trust PLCGM 2nd re merger with JPMorgan Mid Cap
LondonMetric Property PLCGM re merger with LXi REIT Plc
Victorian Plumbing Group PLCAGM
Vinanz LtdAGM
Wednesday 28 February 
abrdn Property Income Trust LtdGM re merger with Custodian Property Income REIT PLC
Beacon Rise Holdings PLCEGM re continued pursuit of an acquisition
Downing Strategic Micro-Cap Investment Trust PLCGM re managed wind-down
Image Scan Holdings PLCAGM
PPHE Hotel Group LtdEGM re waiver of mandatory offer provisions
Verditek PLCGM re disposal of solar business
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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28 Dec 2023 12:41

REPEAT: Downing Strategic Micro-Cap Investment proceeds with wind down

(Alliance News) - Downing Strategic Microcap Investment Trust PLC on Thursday gave an update on its managed wind-down.

Read more
10 Nov 2023 20:09

Downing Strategic Micro-Cap Investment Trust plans orderly wind-up

(Alliance News) - Downing Strategic Micro-Cap Investment Trust PLC on Thursday reported a drop in net asset value as it said it was planning an orderly wind-up of the company.

Read more
8 Jul 2022 16:06

UK dividends calendar - next 7 days

Monday 11 July 
Great Portland Estates PLCdividend payment date
Residential Secure Income PLCdividend payment date
Tuesday 12 July 
Pets at Home Group PLCdividend payment date
Wednesday 13 July 
Assura PLCdividend payment date
LondonMetric Property PLCdividend payment date
Renew Holdings PLCdividend payment date
Severn Trent PLCdividend payment date
Thursday 14 July 
Aberdeen Diversified Income & Growth Trust PLCdividend payment date
BlackRock Latin American Investment Trust PLCex-dividend date
CMC Markets PLCex-dividend date
Crystal Amber Fund Ltdex-dividend date
Custodian REIT PLCex-dividend date
D4T4 Solutions PLCex-dividend date
Diverse Income Trustex-dividend date
FirstGroup PLCex-dividend date
Halma PLCex-dividend date
International Biotechnology Trust PLCex-dividend date
Invesco Bond Income Plus Ltdex-dividend date
JPMorgan Asia Growth & Income PLCex-dividend date
JPMorgan Japan Small Cap Growth & Income PLCex-dividend date
Merchants Trust PLCex-dividend date
Ninety One PLCex-dividend date
Oxford Instruments PLCex-dividend date
Schroder European Real Estate Investment Trust PLCex-dividend date
Schroder UK Mid Cap Fund PLCex-dividend date
Shoe Zone PLCex-dividend date
Telecom Plus PLCex-dividend date
Twentyfour Income Fund Ltdex-dividend date
WH Smith PLCex-dividend date
Wincanton PLCex-dividend date
XP Power Ltddividend payment date
Friday 15 July 
Anglo-Eastern Plantations PLCdividend payment date
AVI Global Trust PLCdividend payment date
BlackRock Energy & Resources Income Trust PLCdividend payment date
Capital Gearing Trust PLCdividend payment date
Chelverton UK Dividend Trust PLCdividend payment date
Downing Strategic Micro-Cap Investment Trust PLCdividend payment date
J Sainsbury PLCdividend payment date
Regional REIT Ltddividend payment date
Scottish Investment Trust PLCdividend payment date
Topps Tiles PLCdividend payment date
Worldwide Healthcare Trust PLCdividend payment date
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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4 Jul 2022 15:58

UK shareholder meetings calendar - next 7 days

 

Tuesday 5 July 
Immediate Acquisition PLCAGM
Marks & Spencer Group PLCAGM
Open Orphan PLCAGM
Saga PLCAGM
Smartspace Software PLCAGM
Young & Co's Brewery PLCAGM
Wednesday 6 July 
Assura PLCAGM
ContourGlobal PLCGM re acquisition by KKR
GSK PLCGM re Consumer Healthcare demerger, Haleon listing
Mining Minerals & Metals PLCAGM
PCF Group PLCGM re director allotment authority
Puma Alpha VCT PLCAGM
Shires Income PLCAGM
Sirius Real Estate LtdAGM
Strategic Minerals PLCAGM
Worldwide Healthcare Trust PLCAGM
Thursday 7 July 
C&C Group PLCAGM
Distil PLCAGM
Emmerson PLCAGM
Faron Pharmaceuticals LtdGM re issuance of shares
FD Technologies PLCAGM
Great Portland Estates PLCAGM
Greencare Capital PLCAGM
J Sainsbury PLCAGM
JPMorgan European Growth & Income PLCAGM
Land Securities Group PLCAGM
Likewise Group PLCGM re approval of waiver by takeover/merger panel
N Brown Group PLCAGM
Octopus Apollo VCT PLCAGM
Peel Hunt LtdAGM
Pets At Home Group PLCAGM
Puma VCT 13 PLCAGM
Severn Trent PLCAGM
TomCo Energy PLCAGM
Friday 8 July 
Kavango Resources PLCAGM
Value & Indexed Property Income Trust PLCAGM
JPMorgan Multi-Asset Growth & Income PLCAGM
Monday 11 July 
Downing Strategic Micro-Cap Investment Trust PLCAGM
National Grid PLCAGM
Randall & Quilter Investment Holdings LtdGM re fundraising
Water Intelligence PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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9 Jun 2022 15:55

UK dividends calendar - next 7 days

Friday 10 June 
Centamin PLCdividend payment date
ContourGlobal PLCdividend payment date
Diploma PLCdividend payment date
Ecofin US Renewables Infrastructure Trust PLCdividend payment date
Focusrite PLCdividend payment date
Home REIT PLCdividend payment date
Witan Investment Trust PLCdividend payment date
Monday 13 June 
Hiscox Ltddividend payment date
Tuesday 14 June 
GCP Asset Backed Income Fund Ltddividend payment date
Wednesday 15 June 
Hipgnosis Songs Fund Ltddividend payment date
Thursday 16 June 
3i Group PLCex-dividend date
Aberdeen Diversified Income & Growth Trust PLCex-dividend date
Anglo Pacific Group PLCex-dividend date
BlackRock Energy & Resources Income Trust PLCex-dividend date
Brunner Investment Trust PLCex-dividend date
Downing Strategic Micro-Cap Investment Trust PLCex-dividend date
Ferrexpo PLCex-dividend date
Fidelity China Special Situations PLCex-dividend date
Forterra PLCex-dividend date
Henderson High Income Trust PLCex-dividend date
Impax Asset Management Group PLCex-dividend date
Intermediate Capital Group PLCex-dividend date
JTC PLCex-dividend date
Land Securities Group PLCex-dividend date
Persimmon PLCex-dividend date
Personal Assets Trust PLCex-dividend date
Personal Assets Trust PLCspecial ex-dividend date
Pets at Home Group PLCex-dividend date
S&U PLCex-dividend date
Schroder Real Estate Investment Trust Ltdex-dividend date
Unilever PLCdividend payment date
XP Power Ltdex-dividend date
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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