RCS - BlackRock Throg Tst - Update from QuotedData

Blackrock Throgmorton TrustAnnouncement

Today 16:30

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RNS Number : 5929U  BlackRock Throgmorton Trust PLC  26 February 2026

BlackRock Throgmorton Trust - Update from QuotedData

26 February 2026

Stronger together

BlackRock Throgmorton (THRG) and BlackRock Smaller Companies Trust (BRSC) have
announced plans to merge, creating a larger, more liquid, and lower-cost
trust. The combined trust is to be managed by BRSC's Roland Arnold and THRG's
Dan Whitestone, both highly experienced in UK smaller companies, and is
expected to provide a platform for future growth.

The portfolios are already well aligned with 75% overlap in their stocks,
which should make the merger process smooth. The management fee
(https://quoteddata.com/glossary/management-fee/)  is to be cut, lowering
the ongoing charges ratio (https://quoteddata.com/glossary/ongoing-charges/)
 by nearly 20 basis points (https://quoteddata.com/glossary/basis-point)
 to 0.63%, making the combined trust one of the most cost-effective among its
peers.

We support the proposal, which also includes shareholder-friendly measures
such as a performance-related tender offer
(https://quoteddata.com/glossary/tender-offer/)  every three years, and
removes Saba from the register.

Full Research:

https://quoteddata.com/research/blackrock-throgmorton-stronger-together-qd/
(https://quoteddata.com/research/blackrock-throgmorton-stronger-together-qd/)

This research is also available free on our website www.quoteddata.com
(http://www.quoteddata.com) where you will also find news, performance data
and factsheets on every London listed Investment Company. QuotedData writes
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NB: Marten & Co was paid to produce this note BlackRock Throgmorton Trust
Plc, and it is for information purposes only. It is not intended to encourage
the reader to deal in the security or securities mentioned in this report.
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