PRS REIT | Charges & gearing

Data as at: 15/01/2021

Charges

AIC ongoing charge plus performance fee (%)
1.84
AIC ongoing charge date
30/06/2020
Management agreement
The AIFM Agreement provides that the company will pay to the AIFM an asset management fee as follows: (a) an initial one-off fee of GBP 12,000; (b) a monthly fee of GBP 6,000; and (c) GBP 1,000 per investment committee meeting. The AIFM Agreement is terminable by any of the parties to them on 6 months written notice. The Investment Advisory Agreement provides that the company will pay to the Investment Adviser a fee (payable monthly in arrears) calculated at the rate of: (i) 1% p.a. of the adjusted NAV up to, and including, GBP 250m; (ii) 0.90% p.a. of the adjusted NAV in excess of GBP 250m and up to and including GBP 500m; (iii) 0.80% p.a. of the adjusted NAV in excess of GBP 500m and up to, and including, GBP 1bn; and (iv) 0.70% p.a. of the Adjusted NAV in excess of GBP 1bn. The Investment Advisory Agreement is terminable by any of the parties to them on 12 months.' written notice, which can be served at any time after the fifth anniversary of First Admission.

Gearing

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