Montanaro UK Smaller Companies Investment Trust PLC - Investment trust focused on investing in small quoted companies listed on the London Stock Exchange or traded on AIM - For the year ended 31 March, net asset value total return is minus 12%, lagging behind its benchmark, the Numis Smaller Cos Index, which has a negative return of 7.9%. Net asset value per share on March 31 drops 15% to 114.5 pence, down from 135.5p in 2022. Company declares a total dividend of 4.5 pence, down 30% from 6.4p the previous year.

‘As we move forward into the post-Covid era, there are two major factors that continue to influence and shape financial markets: the aftershocks of the pandemic and rising interest rates. Both these factors have significant implications for investors.’

Current stock price: up 0.3% at 105.77 pence in London on Tuesday

12-month change: down 0.9%

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