Net Asset Value(s)

Downing Strategic Micro-Cap Investment Trust Plc
LEI Code: 213800QMYPUW4POFFX69
Net Asset Value
The Company announces:
Total Assets (including unaudited revenue reserves at 30 April, 2020) of £35.17m.
Net Assets (including unaudited revenue reserves at 30 April, 2020) of £35.17m.
The Net Asset Value (NAV) at 30 April 2020  was:
		Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*	64.15p	54,830,002
Per Ordinary share (bid price) - excluding current period revenue*	61.97p
Ordinary share price	50.50p
Premium/(Discount) to NAV	(21.28)%
*Current period revenue covers the period 01/03/2019 to 30/04/2020

	Name of Company		% of portfolio
1	CASH		21.48%
2	Real Good Food Loan Notes		19.63%
3	Volex Plc Ordinary 25p		18.60%
4	Adept Technology Group Plc 10p		7.03%
5	Ramsdens Holdings Plc Ordinary		6.30%
6	Hargreaves Services Plc Ordinary 10p		6.13%
7	Synectics Plc GBp 20		6.01%
8	Fireangel Safety Technology GBp2		5.45%
9	Duke Royalty Ltd Common NPV		2.77%
10	Science in Sport Plc		2.13%
11	Gama Aviation Plc Ordinary 1p		1.79%
12	Pennant International Group Plc Ordinary 5p		1.22%
13	Braemar Shipping Services Plc GBp 10		0.93%
14	Real Good Food Company Plc Ordinary 2p		0.53%
	Total		100.00%