Top performer River and Mercantile UK Micro Cap to return cash to shareholders

Fifth redemption since IPO

The River and Mercantile UK Micro Cap investment trust will return cash to shareholders, following strong performance by the company over the past several months.

The trust's board intends to undertake a compulsory redemption of the trust's redeemable ordinary shares. Its redemption mechanism is used periodically to return capital to shareholders so as to return the company's net asset value (NAV) to around £100m, in accordance with the policy in the original prospectus. Kepler Partners: Five top trusts with the fastest-narrowing discounts River and Mercantile UK Micro Cap has seen a share price and NAV total return of 140.9% and 76.5%, respectively, over one year, according to Association of Investment Companies data. This compares to an av...