Foresight Enterprise VCT | Charges

2.3

2.3

31/12/2022

Download the AIC ongoing charge methodology

The management fee is paid quarterly in advance, of 2% p.a. of NAV. If the annual expenses of the company exceed 2.95% of the assets less current liabilities, The company is entitled to reduce the fees paid to the Manager by the amount of the excess. The company intends, subject to raising at least GBP 30m under the offer, to reduce the annual expenses cap on the normal expenses of the company to 2.5% of the NAV. This agreement may be terminated by either party giving to the other not less than12 months’ notice. The Manager is entitled to a payment equal to 15% of dividends paid to shareholders, subject to the NAV plus cumulative dividends paid per share exceeding 100.0p per share.

Yes

15

Foresight group is entitled to a payment equal to 15% of dividends paid to Ord shareholders, subject to the NAV plus cumulative dividends paid per Ord following the date of the EGM exceeding 100.0p per share (High Watermark), both immediately before and immediately after the performance related incentive fee is paid.