Downing Strategic Micro-Cap Investment Trust PLC announce William Dawkins stepped down as a Director of the Company on 14 May 2024. Will Dawkins volunteered to be the director stepping down as the DSM board reduced its size and costs as part of the wind down of the company, the realisation of its portfolio and return of cash to shareholders. That return of capital is proceeding better than forecast and at good market values with a further significant dividend anticipated shortly.