Greencoat UK Wind | Charges & gearing

Charges

AIC ongoing charge plus performance fee (%)
1.03
AIC ongoing charge date
31/12/2020
Management agreement
The Investment Manager is entitled to a combination of a Base Fee and an Equity Element from the company. The Base Fee is paid quarterly in advance and is equal to GBP 275,000 per quarter. The Investment Manager is entitled to a quarterly cash fee (the Cash Fee), which is paid quarterly in advance. The Cash Fee shall be an amount calculated on the following basis: 1) on that part of the then most recently announced NAV up to and including GBP 500m, an amount equal to 0.25% of such part of the NAV; 2) on that part of the then most recently announced NAV over GBP 500m and up to and including GBP 1,000m, an amount equal to 0.225% of such part of the NAV; and 3) on that part of the then most recently announced NAV over GBP 1,000m, an amount equal to 0.2% of such part of the NAV. In addition to the Cash Fee, the company shall deliver to the Investment Manager, quarterly in advance, Ords having a value calculated as set out below (the Equity Element): 1) on that part of the then most recently announced NAV up to and including GBP 500m, 0.05%; plus 2) on that part of the then most recently announced NAV over GBP 500m up to and including GBP 1,000m, 0.025%. The Investment Manager's appointment is terminable by the Investment Manager or the Company on not less than 12 months' notice.

Gearing

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