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To provide Ord Shareholders with a high level of income, with capital growth, and to provide ZDP Shareholders with a pre-determined capital entitlement of 159.7p by investing in a diversified portfolio of small UK quoted companies.
The Company's investment managers are Aberforth Partners. The contract between the Company and Aberforth Partners may be terminated by either party at any time by giving six months' notice of termination. Aberforth Partners receive an annualised management fee equal to:0.9% of the Company's Net Assets attributable to Ordinary Shareholders; plus 5% of the total income (excluding any tax credit); plus Base fee of £70,000. The base fee is adjusted annually in line with the Retail Prices Index. The management fee is calculated on a quarterly basis and paid in advance.