To maximise returns for I Shareholders within a reasonable timescale having regard to the market positions of its remaining portfolio companies. Through a blend of fixed income securities, cash and near-cash, VCT-qualifying investments with a high level of underpinning and other VCT investments intended to achieve growth, the Company is looking to provide shareholders with significant capital preservation coupled with the potential for upside from the growth investments.
An annual management fee of 1.75% of the NAV attributable to the I Shares. No performance fee. The Contract terminable on 12 months notice after 5 years.
It is intended that any proceeds received from the sale of investments after five years will not be reinvested by the Company, but used to fund payments to Shareholders by way of dividends and share buy-backs. The investment approach of the Company is designed to facilitate the payment of dividends after each of the first four years, with the objective of paying dividends of up to GBX7 per Share in each of those years.