UPDATE (Oct 2026): In early 2026, BRSC merged with its sister fund, BlackRock Throgmorton. It has switched to paying quarterly dividends, undertaken a 5-for-1 share split, changed its investment policy to allow up to 15% in non-UK-listed small-caps, and reduced its management charge to 0.5% up to £500m, 0.475% to £750m, and 0.45% thereafter. It will also offer triennial, performance-related 100% tender offers at a 4% discount to NAV, the first one covering the three years ending 30 June 2029. As part of the Throgmorton merger, 28% of BRSC shares were bought back in a tender offer, and a stands...