Altus Resource Capital (Ordinary Share) ARCL

Sector Specialist: Commodities and Natural Resources

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Estimated NAV (p)

85.00

Share Price (p)

70.00

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 79.0p -6.6% 85.00p 81.00p
30 Sep
100%

Top 10 Holdings

Base Resources Limited 9.48%
Altus Global Gold Limited 8.39%
Endeavour Mining Corporation 6.64%
Guyana Goldfields Inc. 6.43%
Nevsun Resources, Ltd. 5.23%
Kennady Diamonds 4.79%
Alpha Minerals Inc 4.36%
Panoro Minerals Ltd. 3.81%
Aureus Mining Inc 3.81%
Sabina Gold & Silver Corp 3.70%

Sectors weighting

Gold Bullion 45.20%
Metals 18.00%
Miscellaneous 11.00%
Net Current Assets 8.20%
Energy 7.70%
Diamonds 6.70%
Silver Bullion 3.20%
  • Investment trust info:

  • Sector Sector Specialist: Commodities and Natural Resources
  • Launch Date 30 Jun 2009
  • Base Currency GBX
  • Domicile Guernsey
  • Share Price (p) 70.00
  • Share Type Ordinary Share
  • TIDM ARCL
  • ISIN GG00B54BPN15
  • Shares Issued (M) 40
  • Market Capital (£M) 31.38
  • Gross Assets (£M) 33.60
  • Net Assets (£M) 33.60
  • TER (%) 1.98
  • Last AGM 06 Dec 2012
  • Next AGM 05 Dec 2013
  • Last Annual Report Date 30 Oct 2012
  • Next due Report Date 30 Jun 2013
  • Next due Report Type A/R
  • Objective:

  • To realise capital growth from a concentrated portfolio of resource equities.
  • Management Group(s):

  • Altus Capital Limited
  • Managed by:

  • Ed Bowie Start: 03 Jun 2010
  • Steven Poulton Start: 03 Jun 2010
  • Team Managed Start: 30 Jun 2011
  • Management Contract & Fees:

    There is a management fee of 0.85% p.a. of NAV subject to a minimum fee of GBP150,000 p.a. and a performance fee consisting of two components. The first is calculated for the first time in respect of the financial accounting period first ending following the second anniversary of the date of admission. The fee is equal to 20% of the excess of the NAV per share as at the end of the financial accounting period over the basic performance hurdle, this being an amount equal to the issue price increased by 10% of the issue price p.a. up to the end of the relevant performance period. Thereafter the fee is paid annually in respect of each financial period subject to the basic performance hurdle and a high watermark. The high watermark is the NAV at the end of the financial period in respect of which the last performance fee was paid. If, however, the high watermark is not exceeded for any consecutive period of three years it shall be re-based to a value equal to the NAV as at the end of the third financial period. The basic performance hurdle must however still be exceeded in order for this component of the performance fee to be payable. The second component is an amount equal to 20% of the sum of all dividends, distributions and other returns of capital paid out to shareholders during the relevant performance period, subject to the performance hurdle having been satisfied. The performance hurdle is the requirement that the NAV on the relevant calculation date must exceed an amount equal to the Issue Price increased by 10% of the issue price p.a. up to the end of the relevant performance period.

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