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Investment trust info:
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Sector
North America
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Launch Date
06 Jul 2006
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Base Currency
GBX
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Domicile
Jersey
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Share Price (p)
109.50
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Share Type
Ordinary Share
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TIDM
MCT
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ISIN
GB00B15PV034
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Shares Issued (M)
108
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Market Capital (£M)
117.89
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Gross Assets (£M)
124.38
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Net Assets (£M)
124.38
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TER (%)
1.00
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Historic Dividend Yield (%)
4.58
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Next Dividend Date
10 Jul 2013
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Next Dividend (p)
1.25
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Last AGM
16 May 2013
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Next AGM
16 May 2014
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Last Annual Report Date
17 Apr 2013
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Next due Report Date
30 Jun 2013
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Next due Report Type
I/R
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Objective:
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To produce a high income return whilst also seeking to preserve shareholder capital.
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Management Group(s):
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Kleinwort Benson (Jersey)
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Middlefield International Limited
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Managed by:
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Andy Nasr
Start: 31 Dec 2010
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Dean C. Orrico
Start: 31 Dec 2010
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Richard L Faiella
Start: 31 Dec 2010
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Team Managed
Start: 06 Jul 2006
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Team Managed
Start: 11 Oct 2011
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Management Contract & Fees:
Kleinwort Benson (Channel Islands) Corporate Services Ltd serves as a manager, administrator and secretary to the Fund. The Fund and the Manager have appointed Middlefield International Limited to provide investment advisory services in respect of the Fund. Under the Management and Administration agreement, the Manager will be entitled to a management fee payable by the Fund quarterly in arrears at a rate of 0.1% per annum of the average Fund Net Asset Value calculated over the relevant quarter period. The Management and Administration agreements are terminable by either party giving to the other not less than 6 months notice in writing, such not to be given until the first anniversary of Admission. The Investment Adviser will be entitled to an investment advisory fee payable by the Fund quarterly in arrears at a rate on 0.1% per annum of the average Fund Net Asset Value calculated over the relevant quarter period.
