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Total Returns on £1000 over
Discrete performance % over
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To provide shareholders with an attractive level of dividends coupled with capital growth over the long-term, through investment primarily in quoted or traded UK companies with a long-term bias toward small and mid cap equities.
The management fee is payable monthly in arrears and is at the rate of 1% p. a of the Company's Market Capitalisation where the Market Capitalisation is equal to or less than £ 300m and, to the extent that the Market Capitalisation is greater than £ 300m, the rate to be applied to such excess (and only such excess) shall be one-twelfth of 0.8% per calendar month. In addition to the basic management fee, and for so long as a Redemption Pool is in existence, the Manager is also entitled to receive from the Company a fee calculated at the rate of one-twelfth of 1% per month of the NAV of the Redemption Pool on the last Business Day of the relevant calendar month. The Manager shall not be entitled to any performance fee. The Management Agreement is terminable by either the Manager or the Company giving to the other not less than 12 months' written notice.