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To seek to return capital to shareholders. The Company will make no new investments other than to support existing investments in realising maximum shareholder value.
A management fee equal to 2% p.a. of adjusted net assets at the relevant year end will be paid to the Investment Manager. An estimated fee will be calculated at the start of the period and paid quarterly. Any adjustment required will occur at the year end. The performance fee will equal the sum of 20% of the amount by which the Adjusted Net Asset Value of the Company exceeds an annual compounding hurdle of 8% less the aggregate amount of performance fees previously paid pursuant to the New Management Agreement.