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British Smaller Companies VCT ( (GB:BSV) ) just unveiled an announcement.
British Smaller Companies VCT plc and British Smaller Companies VCT2 plc have agreed amendments to their alternative investment fund management agreements with YFM Private Equity Limited, effective 1 January 2026, adjusting how management and secretarial fees are calculated on cash holdings and introducing an inflation linkage change from the Retail Prices Index to the Consumer Prices Index. The revised terms raise the threshold of cash and cash equivalents attracting the full 2% management fee to £20 million for each trust, increase the fee on surplus cash above that level from 1.00% to 1.25%, bring forward fee applicability on new fundraising proceeds to the date of share allotment, and reset the inflation measure for secretarial fees to CPI; the boards, advised by their sponsor, deem these related-party changes fair and reasonable for shareholders, signalling a modest uplift in fee income for the manager and a refined cost structure for the VCTs as they deploy future fundraising capital.
More about British Smaller Companies VCT
British Smaller Companies VCT plc and British Smaller Companies VCT2 plc are UK-listed venture capital trusts that invest in and provide growth capital to smaller, unquoted and AIM-listed British companies, with YFM Private Equity Limited acting as their external investment manager under alternative investment fund management arrangements.
Average Trading Volume: 170,781
Technical Sentiment Signal: Strong Buy
Learn more about BSV stock on TipRanks’ Stock Analysis page.