To generate attractive risk-adjusted returns through regular, growing distributions and modest capital appreciation over the long term. The Company seeks to meet its investment objective through a diversified portfolio of investments which are secured against, or comprise, contracted, predictable medium to long-term cash flows and/or physical assets. The investments will predominantly be in the form of medium to long-term fixed or floating rate loans which are secured against cash flows and/or physical assets which are predominantly UK based.
The Investment Manager is entitled to receive from the Company i an investment management fee which is calculated and paid quarterly in arrears at an annual rate of 0.9% p.a. of the NAV and ii a GBP 23,000 p.a. as the AIFM. Contract may be terminable on notice period of 12 months.
The Company pays dividends on a quarterly basis with dividends typically declared in January, April, July and October and paid in or around February, May, August and November in each financial year. The Company offers a scrip dividend alternative to shareholders and currently anticipates that it will continue to do so.