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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
The management fee is equal to 0.95% of the Company's gross assets p.a. and will reduce to 0.90% p.a. for gross assets in excess of £250 million. No penalty on termination of the investment management contract will be payable by the Company in the event that six months' written notice is given to BlackRock. There are no provisions in the management agreement relating to payment of fees in lieu of notice. BlackRock is a subsidiary of BlackRock, Inc. which is a publicly traded corporation on the New York Stock Exchange operating as an independent firm. The PNC Financial Services Group, Inc. has a significant economic interest in BlackRock, Inc. PNC Financial Services Group, Inc. is a US public company. BNYM is the custodian of the Company's assets. BNYM receives a fee payable at rates dependent on the number of effected trades and the location of securities held. The custodian agreement is subject to 30 days' notice of termination by either party. The investment management fee is levied quarterly, based on the gross assets on the last day of each quarter, and is charged 25% to the revenue account and 75% to the capital account.