Bluefield Solar Income Fund | Charges

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30/06/2023

Download the AIC ongoing charge methodology

The Investment Adviser will be entitled to an annual base fee which shall accrue daily and will be calculated on a sliding scale as follows: 1) 0.80% of NAV up to and including GBP 750m; 2) 0.75% of NAV above GBP 750m and up to and including GBP 1bn; and 3) 0.65% of NAV above GBP 1bn. The base fee will be payable quarterly in arrears in cash, and will be calculated on the NAV reported in the most recent quarterly NAV calculation as at the date of payment. The base fee shall be subject to claw back as Variable Fee. If in any year, the company fails to achieve its distribution target of 7p per Ords per year, the Investment Adviser will repay its base fee in the proportion by which the actual annual distribution per Ords is less than the target distribution, subject to a maximum repayment in any year equal to 35% of the base fee calculated prior to any deduction being made. The repayment will be split equally across the four quarters in the following financial year and will be set off against the quarterly management fee payable to the Investment Adviser in that following financial year. If in any year, the Company exceeds its distribution target of 7p per Ords per year, the Investment Adviser will be entitled to a variable fee equal to 30% of the excess, subject to a maximum variable fee in any year equal to 1.00% of the NAV as at the end of the relevant financial year.

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