Charges

Ongoing charge plus performance fee (%)
1.43
Ongoing charge date
30/09/2021
Management agreement
The Investment Manager will be entitled to a management fee payable by the company equal to 1% p.a. of the Company's NAV on the first GBP 200m and 0.75% p.a. of NAV thereafter, payable quarterly in arrears. The management fee and any interest costs associated with the gearing will be charged as to 50% to the revenue account and as to 50% to the capital reserve. The management contract is terminable on 6 months notice.
Performance fee
No

A measure, expressed as a percentage of NAV, of the regular, recurring costs of running an investment company.

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