The tender offer will be activated if the trust’s net asset value per share total return underperforms the MSCI Small Cap index total return over the three years to 31 January 2027, it said in its annual results published today (25 March).
Over the year to 31 January, the trust’s NAV per share declined by 14.9% and its share price fell by 20.5%, compared to the 6.3% gain for the index. Over five years, NAV total returns are down by 6.8% and the share price declined by 26.3%, against a 24.1% gain for the index.
In a research note, QuotedData head of investment companies James Carthew …
Read the full article here
