Standard Life UK Smaller Companies convertible – which matures in 2018 and pays a coupon of 3.5% – forms part of the capital structure of Standard Life UK Smaller Companies Trust.
Standard Life UK Smaller Companies tries to achieve long-term capital growth by investment in UK-quoted smaller companies. It invests in an actively managed portfolio of smaller and mid-sized companies in the UK equity market. The managers try to identify improving situations that are not fully recognised by the market, and to produce long-term capital growth and outperformance of the Numis Smaller Companies Index (excluding investment trusts).