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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
To provide Shareholders with an attractive total return through investment in a concentrated portfolio of undervalued companies, listed or quoted on UK Markets, with a typical market cap of between £ 100m and £ 1,000m.
With effect from 1 April 2013, under the addendum to the management agreement, the Manager receives a management fee at the annual rate of 2% of the NAV or the Market Capitalisation, whichever is lower. The management fee is payable quarterly in advance and calculated on the NAV or the Market Capitalisation on the relevant quarterly accounting date. The Manager will be entitled to a performance fee of 20% of the excess of the NAV per ordinary share at the end of the relevant performance period over a hurdle of 10%. p. a. on an annual compounding basis in respect of that part of the performance period.