The share price of the abrdn Smaller Companies Income trust fell by 29.6% in the six months to June 2022, a performance result chair Dagmar Kent Kershaw called “disappointing”.
In what Kershaw described as "a difficult year for smaller companies", the trust's net asset value declined by 30%, according to its H1 2022 results, while its benchmark, the Numis Smaller Companies ex Inv Trust index, lost 20.2% over the period. In the 12 months to June 2022, the company's share price and NAV fell by 21.3% and 24.4% respectively, while its benchmark gained 17.2%. The discount of the trust sat at 15.7% as of the end of June, up from 15.3% in December 2021, while its gearing stood at 4.8%, up three percentage points from the previous reported period. abrdn's Harry...
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