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...
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Jonathan Davis Stuart Watson's fund profile this weekend looks in depth at Tritax Big Box, another component of our income portfolio and one of the most successful specialist property trusts that have joined the sector in recent years. My notes this week are a fairly random collection while the latest market review video will be published on Monday morning.
Comparative trust performance One of the regular and useful calculations that the analysts at Numis perform is to compare the average sector performance of investment trusts against their open-ended fund equivalents. The table below summa...
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