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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
To provide shareholders with attractive, quarterly dividends, capital preservation and, over the longer term, a degree of capital appreciation.
The Investment Manager is entitled to a management fee at a rate equivalent to 1% p.a. of the NAV paid quarterly in arrears based on the average NAV as at the last business day of each quarter ending 31 January, 30 April, 31 July and 31 October. The Investment Manager is also entitled to certain expenses incurred in carrying out its duties under the Investment Management Agreement, as well as legal, accounting, consultancy and other professional fees and expenses. No performance fee shall be payable. The Investment Management Agreement is for an initial period of 2 years from admission and will continue automatically thereafter but shall be terminable at any time by either the Investment Manager or the Company giving to the other not less than 12 months written notice.