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To realise all existing assets in the Company's portfolio with a view to maximising the return of invested capital to Shareholders in an orderly manner.
The Investment Manager will be entitled to receive from the Company a management fee, calculated and payable monthly in arrears, at a rate of 0.75% of the lower of the trusts net assets and its market capitalisation. The company secretarial costs of the Company are included in this management fee. The Investment Management Agreement also provides for payment by the Company of certain fees in connection with marketing activities carried out by the Investment Manager. No performance fee will be payable to the Investment Manager. The Investment Management Agreement is terminable on six months' notice, such notice not to expire prior to the third anniversary of Admission.