PR Newswire
LONDON, United Kingdom, March 31
BLACKROCK SMALLER COMPANIES TRUST PLC
(LEI: 549300MS535KC2WH4082)
ANNOUNCEMENT OF SECOND INTERIM DIVIDEND
31 March 2026
The Board of BlackRock Smaller Companies Trust plc («BRSC» or the «Company») is
pleased to announce a second and final interim dividend in respect of the
financial year ended 28 February 2026 of 28.50 pence per ordinary share. The
dividend is payable on 8 May 2026 to holders of ordinary shares on the register
at the close of business on 10 April 2026 (ex-dividend date is 9 April 2026).
The deadline for registering elections for the Dividend Reinvestment Plan (DRIP)
will be 16 April 2026.
For the avoidance of doubt, the proposed combination of BRSC with BlackRock
Throgmorton Trust plc, which was approved by the Company’s shareholders at a
General Meeting held on 30 March 2026, but the implementation of which remains
subject to, inter alia, approval by THRG shareholders, is expected to become
effective on 16 April 2026. Accordingly, THRG shareholders will not be entitled
to receive this second interim dividend in respect of any new BRSC shares issued
to them pursuant to the combination.
Also as a reminder to shareholders, the Board announced on 24 October 2025 that
(with effect from 1 March 2026) the Company would move to paying dividends on a
quarterly basis, with the intention of paying dividends in September, December
and March each year equal to a quarter of the previous year`s total dividend,
with a final dividend payable in June. It is therefore expected that the first
quarterly dividend to be paid to all shareholders in the enlarged BRSC following
completion of the combination will be the first interim dividend for the
financial year ending 28 February 2027, to be paid in September 2026. It is
intended that this first interim dividend will be 11.125 pence per share, equal
to a quarter of the total dividends of 44.5 pence per share paid by BRSC in
respect of the financial year ended 28 February 2026.
Shareholders are also reminded that the Company is proposing to implement a
share split of 5 shares for every existing share held, with effect from 1 July
2026. Therefore, the first quarterly dividend payment made in September 2026
will reflect a lower dividend per share in respect of these newly sub-divided
shares on a 5 for 1 basis (i.e. 2.225 pence per share but on a greater number of
shares such that the total amount received by shareholders will be unchanged).
Enquiries:
Sarah Beynsberger
For and on behalf of BlackRock Investment Management (UK) Limited, Secretary
Telephone: 020 7743 2639
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The following files are available for download:
https://mb.cision.com/Main/22402/4328940/4017420.pdf Release
