In QuotedData’s morning briefing for 28 December 2023:

• The board of Downing Strategic Micro-Cap Investment Trust (DSM) has provided an update on its plans to return capital to shareholders. The board had previously concluded that the best option would be a managed wind down of the investment portfolio. Having worked closely with the investment manager, the board has announced that its view is that within the first six months of 2024 up to or exceeding 50% of the DSM’s current market value can be returned to shareholders in cash (current bids for investments assumed to complete by then) with more than the remaining portfolio market value still to be realised through the process of complete wind down.