Update from QuotedData

Summary by AI ^BETAClose X

BlackRock Throgmorton Trust PLC and BlackRock Smaller Companies Trust PLC have announced plans to merge, creating a larger, more liquid, and cost-effective entity. The combined trust will benefit from a nearly 20 basis point reduction in its ongoing charges ratio to 0.63%, making it highly competitive. The merger is expected to be smooth due to a significant 75% overlap in their stock portfolios, and it includes shareholder-friendly measures such as a triennial tender offer.

Disclaimer*

BlackRock Throgmorton Trust PLC

26 February 2026

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BlackRock Throgmorton Trust - Update from QuotedData

26 February 2026

Stronger together

BlackRock Throgmorton (THRG) and BlackRock Smaller Companies Trust (BRSC) have announced plans to merge, creating a larger, more liquid, and lower-cost trust. The combined trust is to be managed by BRSC's Roland Arnold and THRG's Dan Whitestone, both highly experienced in UK smaller companies, and is expected to provide a platform for future growth.

The portfolios are already well aligned with 75% overlap in their stocks, which should make the merger process smooth. The management fee is to be cut, lowering the ongoing charges ratio by nearly 20 basis points to 0.63%, making the combined trust one of the most cost-effective among its peers.

We support the proposal, which also includes shareholder-friendly measures such as a performance-related tender offer every three years, and removes Saba from the register.

Full Research:

https://quoteddata.com/research/blackrock-throgmorton-stronger-together-qd/

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