Smithson

aroominyork

SH88SH88 said:

For anyone considering baling out of Smithson, any suggestions as to similar(ish) IT or funds to investigate ?

Do you want another mid-cap actively managed growth fund? Would you consider a global small/mid-cap index fund, or even cross the floor to small cap value?

SH88SH88

aroominyork said:

SH88SH88 said:

For anyone considering baling out of Smithson, any suggestions as to similar(ish) IT or funds to investigate ?

Do you want another mid-cap actively managed growth fund? Would you consider a global small/mid-cap index fund, or even cross the floor to small cap value?

I would consider all of the market segments/structures/styles that you mentioned. If I've got the timetable correct, there is probably a month or so before anything starts to happen therefore I'm currently evaluating the possibilities.
 Admittedly,  I do have a slight preference for 'quality' or 'growth at a reasonable  price', but I'm trying to be open minded at present,  therefore nothing has been ruled in or ruled out (apart from , maybe , Herald,  which seems very complicated currently due to the somewhat bizarre Tender situation).

MDMD

Does anyone hold this on Fidelity? Something odd is going on with the share price which is showing at exactly £12. The shares are suspended and Fidelity aren’t supporting the share rollover - is this likely just a system issue pending the settlement of the cash FAV as was expecting it to be about £15.

Bostonerimus1

https://forums.moneysavingexpert.com/discussion/comment/81896785#Comment_81896785

Smithson Investment Trust is being closed. You will either get cash or equity in a new open ended Smithson fund…which did you choose?

MDMD

https://forums.moneysavingexpert.com/discussion/comment/81896908#Comment_81896908

Yes, I’m aware of that, I hold my investments on Fidelity and as above they “aren’t supporting” the share rollover option so they didn’t give me a choice. I’m expecting Fair Asset Value (roughly NAV less the recent dividend less liquidators fees) in cash estimated at something approaching c.£15 per share. But Fidelity are showing 1200p on my profile which is almost but not exactly my purchase price, although their public website has the last market value.

https://www.smithson.co.uk/news/2025/6538-smithson-investment-trust-restructure-proposals/
“the Cash FAV per Share would have been 1,564.379362 pence”

wmb194

https://forums.moneysavingexpert.com/discussion/comment/81897065#Comment_81897065

I wouldn't worry about it. In my experience with many brokers you often see bad data like this when shares are suspended. Last year I had a special situation with shares held with iWeb and it was valuing everything at zero but all was fine on the payout day.

itwasntme001

Does anyone know when the OEIC fund will trade? I chose keeping the investment and am with barclays but all I can see is that SSON the inv trust is suspended?

Shouldn't I see the OEIC fund in my account by now?

wmb194

https://forums.moneysavingexpert.com/discussion/comment/81910337#Comment_81910337

According to the timetable the new fund should have begun trading on 02/03/26. In my experience brokers aren't always quick to credit new securities to accounts e.g., recently with IG it took about two weeks for the new shares in a merged IT to be credited to my account.

https://www.investegate.co.uk/announcement/rns/smithson-investment-trust--sson/result-of-meeting/9441213

itwasntme001

https://forums.moneysavingexpert.com/discussion/comment/81910744#Comment_81910744

Thanks. Reason I ask is that I requested a transfer out from Barclays and am wondering what happens to SSON in the transfer out as it shows as "suspended" for trading, I guess while waiting for the OEIC to show up.

wmb194

https://forums.moneysavingexpert.com/discussion/comment/81910963#Comment_81910963

According to the timetable those suspended shares will be cancelled ASAP following the effective date which was 27/02 so it could be they already don't exist and you already have the OEIC but it's just Barclays being slow to update your account. So if it's a full transfer and the receiving broker accepts it your OEIC will be transferred, or if it doesn't accept it sold and the cash transferred if you chose that transfer option but worst case it'll be left behind.