The Trust's aims and objectives, announcements, investment management team, corporate calendar and company codes
Aberforth Smaller Companies Trust plc is an investment trust whose shares are traded on the London Stock Exchange. It was launched, and received its listing, on 10 December 1990 and is one of the largest trusts within the UK Smaller Companies sector.
The Trust's objective is to achieve a net asset value total return (with dividends reinvested) greater than that of the Deutsche Numis Smaller Companies Index (Excluding Investment Companies) over the long term.
The Trust aims to achieve its objective by investing in securities of companies that are or that would be constituents of the Deutsche Numis Smaller Companies Index (Excluding Investment Companies). The upper limit to this index was companies with a market capitalisation of £1.7bn as at 1 January 2024 (the date of the last annual index rebalance). This market capitalisation limit will change owing to movements in the stockmarket. The portfolio is diversified and will normally consist of investments in around 80 individual companies.
In seeking investments the approach will be fundamental in nature involving regular contact with the management of prospective and existing investments in conjunction with rigorous financial analysis of these companies. The emphasis within the portfolio will reflect the desire to invest in companies whose shares represent relatively attractive value within a given stockmarket environment.
Full details of the "Investment Policy" and "Investment Strategy" are set out in the latest Annual Report, which is available from the Literature Library.
| Event | Date |
|---|---|
| Half-Yearly Results announced | 26 July 2024 |
| Half-Yearly Report available | 5 August 2024 |
| Dividend Reinvestment Plan: Final date for submission of Application Forms for Interim Dividend | 22 August 2024 |
| Interim Dividend pay date | 06 September 2024 |
| Annual Results announced | 30 January 2025 |
| Annual Report available on Website | 7 February 2025 |
| Dividend Reinvestment Plan: Final date for submission of Application Forms for Final Dividend | 20 February 2025 |
| Annual General Meeting | 6 March 2025 |
| Final Dividend pay date | 7 March 2025 |
| Identifier | Code |
|---|---|
| GIIN | U6SSZS.99999.SL.826 |
| LEI | 213800GZ9WC73A92Q326 |
| Identifier | Code |
|---|---|
| SEDOL | 0006655 |
| ISIN | GB0000066554 |
| Bloomberg | ASL LN |
| Reuters | ASL.L |
| TIDM | ASL |
Aberforth Smaller Companies Trust plc is a company registered in Scotland (registered number 126524) and its registered office address is 14 Melville Street, Edinburgh EH3 7NS.
The Trust is an investment trust under section 1158 of the Corporation Tax Act 2010 and is an investment company as defined by section 833 of the Companies Act 2006.
Retail Distribution
The Trust currently conducts its affairs, and intends to continue to conduct its affairs, so that its Ordinary Shares can be recommended by Independent Financial Advisers (IFAs) to ordinary retail investors in accordance with the rules of the Financial Conduct Authority (FCA) in relation to non-mainstream pooled investment products.
The Trust’s Ordinary Shares are excluded from the FCA’s restrictions that apply to non-mainstream pooled investment products because they are shares in an investment trust.
ISA Approved
The Trust's Ordinary Shares are eligible for inclusion in a Stocks and Shares ISA (Individual Savings Account).
Association of Investment Companies
The Trust is a member of The Association of Investment Companies (AIC).
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