Riverstone Energy | Charges & gearing

Data as at: 01/03/2021

Charges

AIC ongoing charge plus performance fee (%)
2.76
AIC ongoing charge date
31/12/2020
Management agreement
The investment manager will receive an annual management fee of 1.5% p.a. of the NAV. The fee shall be payable quarterly in arrears and each payment shall be calculated using the quarterly NAV as at the relevant quarter end. The General Partner will make all management decisions, other than investment management decisions and will be entitled to receive a performance allocation, calculated and payable at the underlying investment holding subsidiary level, equal to 20% of the realised profits (if any) on the sale of any underlying asset of the company. Management Agreement has an initial term of 7 years and contract terminable on a 12 months notice period.

Gearing

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