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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
The Investment Manager receives an annual fee at the rate of 0.75% p.a. of the market capitalisation of the Company, payable quarterly in arrears. A performance related fee equals to 15% of any outperformance by the Company's share price (on a total return basis) of the rate of total return on the FTSE All-Share Index plus 2% per annum. The performance fee payable each year cannot exceed 2.5% of the Company's market capitalisation at the end of the performance period. The Agreement can be terminated by either party on one year's written notice. The Investment Manager will also carry out the secretary's role for administrative purposes.