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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
The Company aims to achieve long term capital appreciation and generate maintainable levels of income for Shareholders.
The company will pay to the Manager a performance related management fee calculated as 20% of the increase in the net asset value of the company, over the six-month periods to the end of August and February in each year, before taking into account the effects of distributions and purchase of the Company's own shares effected during that period. The fee is subject to a maximum amount payable of £ 1.25 million in any year to the end of February and a minimum of 1.9% per annum of the net asset value of the company. A fixed secretarial fee is £ 50,000 p.a.. Contract terminable on 6 months notice.