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To provide investors with long-term dividends while preserving the capital value of its investment portfolio through investment principally in a range of operational assets which generate electricity from renewable energy sources.
The aggregate management fee payable to the Investment Manager (IM) and the Operations Manager (OM) is 1% per annum of the Adjusted Portfolio Value in respect of the first £1bn of the Adjusted Portfolio Value and 0.8% per annum in respect of the Adjusted Portfolio Value in excess of £1bn less the aggregate of the IM Advisory Fee and the OM Advisory Fee. The Investment Manager will be entitled to be paid an advisory fee in respect of the advisory services which it provides to the Company of £ 130,000 per annum (the IM Advisory Fee) and the Operations Manager will be entitled to be paid an advisory fee in respect of the advisory services which it provides to the Company of £ 70,000 per annum (the OM Advisory Fee). Both the IM Advisory Fee and the OM Advisory Fee will be deducted from the Management Fee. Contract terminable on 12 months' notice.