F&C UK Real Estate Investments (Ordinary Share) FCRE

Objective:

Management Contract & Fees:

As part of the Management Agreement, ISIS Asset Management Plc will receive an aggregate annual fee of 0.85% per annum of the total assets. In addition, the Manager will receive an administrative fee of GBP60,000 per annum, inflation-adjustable. The Agreement is for a fixed initial period of four years from the date of Admission and, with effect from the third anniversary, is terminable by either party on 12 months notice. For their Administrative and Secretarial services, Guernsey International Fund Managers Ltd will receive a fee of GBP50,000 per annum, payable quarterly in arrears. This agreement can be terminated by either party on 90 days notice. The valuers are entitled to a fee of 0.03% of the aggregate value of the property portfolio.