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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
To provide shareholders with a predictable and attractive yield on the company's public infrastructural investments.
Effective from 1-Jul-13, the Manager is entitled to a base fee of 1.2% per annum of the gross asset value, 1.0% p.a. where GAV is between £ 750m and £ 1.5bn and 0.9% on such part of gross asset value as exceeds £ 1.5bn. Incentive fee is abolished. The investment advisory agreement may be terminated by either party giving to the other 5 years' notice of termination, expiring at any time after 15 years from the date of the investment advisory agreement. The administrator is entitled to an annual fee from the Company equal to 0.01% of the NAV of the Company per annum, subject to a minimum of £ 10,000 per annum, plus a fee for accounting on a time spent basis subject to a minimum of £ 10,000 per annum and capped at a maximum of £ 35,000 per annum plus a fee for Company Secretarial services of £ 12,500 per annum subject to a time cost override.