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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
Henderson will provide investment management, accounting, and company secretarial and general management services for an annual charge of 0.6% of its total net assets. Contract is terminable on six months' notice. The notice period of termination can be reduced to three months if shareholders vote to wind up the Company at one of the regular continuation votes. Performance of both the Company and the benchmark is measured on a NAV total return (with gross income reinvested) basis and is measured over three years. In any given year in which a performance fee is payable, the performance fee rate will be 15% (and after meeting a 1% hurdle rate) of the positive difference between the average annual NAV total return and the average annual total return of the benchmark measured over a rolling three year period. The upper limit on the total fee, including the base fee and any performance fee, for any given accounting year will be 2.0% of the income inclusive NAV of the Company as at the last day of the relevant calculation period.