Virtual Portfolio | Print page
Estimated NAV (p)
Share Price (p)
Total Returns on £1000 over
Discrete performance % over
Discrete performance over
The Management Agreement will be amended to provide for the management fee and performance fee to be paid to the Manager as follows: For the provision of the services under the Management Agreement, the Manager will be entitled to receive a management fee equal to 1/12 of 2% p. m. of the NAV of each class of Shares calculated as at the last business day in each month and payable monthly in arrears. In addition to the management fee, the Manager will be entitled to receive a semi-annual performance fee payable in arrears equal to the aggregate of 20% of the appreciation (if any) in the NAV of each class of Shares, since the end of the period in respect of which a performance fee was last earned i.e., a high water mark. The high water mark will initially be set at a level agreed between the Company and the Manager that is intended to take account of the extent to which any of the Company's existing underlying investments are performing below existing high water marks immediately prior to their contribution to BHMS. The high water mark will be announced to Shareholders by regulatory information service once it has been determined. The performance fee will accrue on an ongoing basis and accruals will be reflected in the Company's published NAV.
© 2015 Citywire.co.uk. All Rights Reserved.Citywire Financial Publishers Ltd. is authorised and regulated by the Financial Conduct Authority no: 222178 to provide investment advice and is bound by its rules.
© 2015 Citywire.co.uk. All Rights Reserved.Citywire Financial Publishers Ltd. is authorised and regulated by the Financial ServicesAuthority no: 222178 to provide investment advice and is bound by its rules.