Aberdeen Smaller Companies Income Trust PLC

Hunting smaller companies for a stronger income


Morningstar rating:
5 out of 5

Daily prices as of {{asOfDate}}

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2021 Annual General Meeting (AGM)

The Company's AGM is scheduled to be held on Wednesday 28 April 2021. In the light of developing UK Government guidance and measures relating to Covid-19, including restrictions on public gatherings and maintaining social distancing, and the likelihood that these measures will remain in place until the end of April, the Board has determined that this year's AGM will follow the minimum legal requirements. This means that physical attendance at the meeting is unlikely to be possible and the Chairman may, in his or her sole discretion, limit the number of individuals able to attend the meeting. Arrangements will be made by the Company to ensure that the minimum number of shareholders required to form a quorum will attend the meeting in order that the meeting may proceed and the business concluded. A presentation from the Investment Manager, along with the AGM results, will be made available to shareholders on the Company's website shortly after the AGM.

Shareholders are strongly advised not to attempt to attend the AGM in person and instead exercise their votes in respect of the meeting in advance. The Company's 2020 Annual Report and Notice of AGM and related documents can be found below.

Latest news

An update from our co-managers, Abby Glennie and Amanda Yeaman - 19 March 2021

We are still cautious about the level of volatility and uncertainty in the market. Despite this, we remain optimistic about the prospects for smaller companies. Our focus on quality businesses that are resilient, have strong balance sheets and good leadership should help us steer through this period of uncertainty. It is likely the recovery rally seen since November last year will have further episodes, led by vaccine and/or the end-of-lockdown news. The Trust should benefit once investors refocus on company fundamentals.

Typically, these value rotations last no longer than six months and we are now four months into what we believe is an aggressive move away from growth companies. Nevertheless, we are optimistic coming out of this market phase, investors will again look to businesses who can deliver on growth and quality. For now, top-down considerations, such as cyclical recovery and inflation, dominate investor thinking.

Key people

Abby Glenie

Abby Glennie

Investment Director

Abby Glennie is an Investment Director at Aberdeen Standard Investments. She is responsible for UK Opportunities, Smaller Companies Pension Fund, and Bothwell Smaller Companies fund. Abby joined Standard Life in 2013 from Kames Capital where she was an Investment Analyst

Abby graduated with a joint 1st MA, in Economics and Finance from University of Aberdeen and is a CFA charterholder.

Amanda Yeaman

Amanda Yeaman

Investment Manager

Amanda is an Investment Manager at Aberdeen Standard Investments. Amanda is responsible for providing research support predominantly for our UK Smaller Companies strategy but also to the wider Smaller Companies team. Amanda Joined the company in June 2019 from Investec Securities where she was a small and mid-cap equity sales specialist.

  • Abby Glenie

    Abby Glennie

    Investment Director

    Abby Glennie is an Investment Director at Aberdeen Standard Investments. She is responsible for UK Opportunities, Smaller Companies Pension Fund, and Bothwell Smaller Companies fund. Abby joined Standard Life in 2013 from Kames Capital where she was an Investment Analyst

    Abby graduated with a joint 1st MA, in Economics and Finance from University of Aberdeen and is a CFA charterholder.

  • Amanda Yeaman

    Amanda Yeaman

    Investment Manager

    Amanda is an Investment Manager at Aberdeen Standard Investments. Amanda is responsible for providing research support predominantly for our UK Smaller Companies strategy but also to the wider Smaller Companies team. Amanda Joined the company in June 2019 from Investec Securities where she was a small and mid-cap equity sales specialist.

Robert Lister

Robert Lister

Chairman

Robert Lister, appointed in March 2012, is a non-executive director of Investec Wealth and Investment Limited. He has over 20 years' experience of investment management and formerly global head of equities at Dresdner Kleinwort and head of European equities at Barclays de Zoete Wedd.

David Fletcher

David Fletcher

Independent Non-Executive Director

David Fletcher, appointed on 1 August 2016, is Group Finance Director of Stonehage Fleming Family & Partners, a leading independently owned family office, having joined in 2002. Prior to that, he spent 20 years in investment banking with JPMorgan Chase, Robert Fleming & Co. and Baring Brothers & Co Limited, latterly focused on financial services in the UK (asset management and life insurance). He started his career with PricewaterhouseCoopers and is a chartered accountant. He is also an independent non-executive director of JP Morgan Claverhouse Investment Trust plc.

Degmar K Kershaw

Dagmar Kent Kershaw

Independent Non-Executive Director

Dagmar Kent Kershaw, appointed on 2 May 2017, has over 20 years’ investment experience specialising in credit and structured finance markets. She was Head of Credit Fund Management for Europe and Asia-Pacific at Intermediate Capital Group from 2008 until 2016. Prior to that she was the founder and Head of Structured Products at Prudential M&G and was also Head of Debt Private placements. Her previous experience in credit markets included roles at Scotiabank and NatWest Bank.

Barry Rose

Barry Rose

Independent Non-Executive Director

Barry Rose, appointed in March 2011, has a wide range of experience of investing in international markets. He is formerly a director of Scottish Provident Institution and Chief Executive of Scottish Provident UK. He is a non-executive director of Dimensional Imaging Limited and a director of Medical Research Scotland, a charity.

  • Robert Lister

    Robert Lister

    Chairman

    Robert Lister, appointed in March 2012, is a non-executive director of Investec Wealth and Investment Limited. He has over 20 years' experience of investment management and formerly global head of equities at Dresdner Kleinwort and head of European equities at Barclays de Zoete Wedd.

  • David Fletcher

    David Fletcher

    Independent Non-Executive Director

    David Fletcher, appointed on 1 August 2016, is Group Finance Director of Stonehage Fleming Family & Partners, a leading independently owned family office, having joined in 2002. Prior to that, he spent 20 years in investment banking with JPMorgan Chase, Robert Fleming & Co. and Baring Brothers & Co Limited, latterly focused on financial services in the UK (asset management and life insurance). He started his career with PricewaterhouseCoopers and is a chartered accountant. He is also an independent non-executive director of JP Morgan Claverhouse Investment Trust plc.

  • Degmar K Kershaw

    Dagmar Kent Kershaw

    Independent Non-Executive Director

    Dagmar Kent Kershaw, appointed on 2 May 2017, has over 20 years’ investment experience specialising in credit and structured finance markets. She was Head of Credit Fund Management for Europe and Asia-Pacific at Intermediate Capital Group from 2008 until 2016. Prior to that she was the founder and Head of Structured Products at Prudential M&G and was also Head of Debt Private placements. Her previous experience in credit markets included roles at Scotiabank and NatWest Bank.

  • Barry Rose

    Barry Rose

    Independent Non-Executive Director

    Barry Rose, appointed in March 2011, has a wide range of experience of investing in international markets. He is formerly a director of Scottish Provident Institution and Chief Executive of Scottish Provident UK. He is a non-executive director of Dimensional Imaging Limited and a director of Medical Research Scotland, a charity.

 

Financial calendar

Year End 31 December
Accounts Published May
Annual General Meeting April
Dividend Paid January, April, July, October

Trust details

Aberdeen Smaller Companies Income Trust PLC

Registered Office:
1 George Street,
Edinburgh
EH2 2LL

Registered in Scotland as an Investment Company Number SC137448

Launch Date: August 1992

Risk warning
Risk warning
The value of investments and the income from them can go down as well as up and you may get back less than the amount invested. Please refer to the relevant Key Information Document (KID) prior to making an investment decision. Please be aware of scams that can affect investors.