Montanaro Uk Smaller Cos Investment Trust plc (MTU) ORD GBP0.02

Montanaro UK Smaller Companies Investment Trust PLC is a closed-ended investment trust. The Company’s investment objective is capital appreciation through investing in smaller quoted companies listed on the London Stock Exchange (LSE) or traded on the Alternative Investment Market (AIM) and to outperform its benchmark, the Numis Smaller Companies Index (excluding investment companies) (NSCI). The Company seeks to achieve its objective and to manage risk by investing in a diversified portfolio of quoted United Kingdom small companies. The Company's investment portfolio includes investments in various sectors, such as technology, telecommunications, health care, financials, real estate, consumer discretionary, consumer staples, industrials, basic materials, energy and utilities. The Company’s investment manager/ alternative investment fund manager is Montanaro Asset Management Limited.

The Company seeks to achieve its objective and to manage risk by investing in a diversified portfolio of quoted UK small companies. At the time of initial investment, a potential investee company must be profitable and no bigger than the largest constituent of the NSCI, which represents the smallest 10% of the UK Stock Market by value. At the start of 2023 this was any company below £1.62 billion in size. The Manager focuses on the smaller end of this Index.

• Ongoing charge1.13%
• Annual management charge -
• Performance feeNo

The Board is pleased to announce that, effective from 31 December 2024, the investment management fee of 0.50% per annum will be calculated based on net assets rather than gross assets. The Management Agreement may be terminated by the Manager upon giving 12 months notice.