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 June 2020		£35.21m
Net Assets (including unaudited revenue reserves) at 30 June 2020		£35.21m
Number of shares in issue (excluding treasury):		54,467,002
The Net Asset Value (NAV) per share at 30 June 2020 was:
Per Ordinary share (bid price) - including unaudited current period revenue * †		64.64p
Per Ordinary share (bid price) - excluding current period revenue * †		64.28p
Ordinary share price		51.50p
Premium/(Discount) to NAV (including current period revenue)		(20.33%)
* Current period revenue covers the period 01/03/2020 to 30/06/2020
† NAV quoted ex-div in respect of dividend of 1.6p per share payable on 3 July 2020 (subject to shareholder approval)
Portolio summary:		% of portfolio
1	Cash and other net current assets	21.16%
2	Real Good Food Plc (Loan Notes)	19.62%
3	Volex Plc	16.37%
4	Adept Technology Group Plc	7.47%
5	Ramsdens Holdings Plc	6.38%
6	Fireangel Safety Technology Plc	6.10%
7	Hargreaves Services Plc	6.01%
8	Synectics Plc	5.73%
9	Duke Royalty Ltd	3.39%
10	Science in Sport Plc	1.79%
11	Gama Aviation Plc	1.54%
12	Pennant International Group Plc	0.92%
13	Real Good Food Company Plc	0.68%
	Other	2.86%
	Total	100.00%