Scottish Oriental Smaller Co. Trust Initiates Performance-linked Tender Offer

04:31 AM EDT, 09/02/2026 (MT Newswires) -- The Scottish Oriental Smaller Co. Trust (SST.L) will carry out a tender offer for up to 25% of its outstanding share capital, with tender proceeds expected to be paid before the end of 2026. The conditional tender offer was triggered after the five-year performance measurement period ended Monday, according to a Wednesday filing. The Asia-focused investment trust recorded a net asset value total return of 28.04% for the period, compared with 48.45% for the MSCI AC Asia ex Japan Small Cap Index. The board noted the company's "disappointing returns" and said it will explore whether additional measures are required to meet investors' needs. Scottish Oriental's next five-year evaluation period started on Tuesday and will end on Aug. 31, 2031, with the same performance condition.