DSM: Net Asset Value(s)

Downing Strategic Micro-Cap Investment Trust Plc
LEI Code: 213800QMYPUW4POFFX69
Net Asset Values
The Company announces the following, all of which is unaudited:
Total Assets - including current period revenue* at 31 May 2022		£41.88m
Net Assets - including current period revenue* at 31 May 2022		£41.88m
Number of shares in issue (excluding treasury):		49,519,882
The Net Asset Value (NAV) per share at 31 May 2022 was:
Per Ordinary share (bid price) - including current period revenue*		84.56p
Per Ordinary share (bid price) - excluding current period revenue*		83.65p
Ordinary share price		68.50p
Premium/(Discount) to NAV (including current period revenue)		(19.00%)
* Current period revenue covers the period 01/03/2021 to 31/05/2022 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Real Good Food Plc (Loan Notes, including accrued interest)	11.98%
2	Hargreaves Services Plc	10.05%
3	Ramsdens Holdings Plc	8.75%
4	Flowtech Fluidpower Plc	8.28%
5	Volex Plc	8.05%
6	Centaur Media Plc	7.68%
7	Cash and other net current assets	6.84%
8	Fireangel Safety Technology Plc	5.74%
9	Adept Technology Group Plc	5.16%
10	DigitalBox plc	4.94%
11	Synectics Plc	4.82%
12	National World Plc	4.26%
13	Tactus Holdings Limited	3.90%
14	Venture Life Group Plc	1.63%
15	Norman Broadbent Plc	1.41%
16	Real Good Food Company Plc	0.36%
	Other	6.15%
	Total	100.00%