Herald Investment Trust plc (HRI) Ordinary 25p

Herald Investment Trust plc is a United Kingdom-based investment company. The Company’s objective is to achieve capital appreciation through investments in smaller quoted companies in the areas of technology and communications. The Company’s investments may be made across the world. It invests, generally on a long-term basis, using fundamental analysis. It invests in various sectors, including information technology, broadcasting, printing and publishing and the supply of equipment and services to these companies. The alternative investment fund manager and portfolio manager of the Company is Herald Investment Management Limited.

The objective is to achieve capital appreciation through investments in smaller quoted companies in the areas of technology and communications. Investments will be made throughout the world. The business activities of investee companies will include information technology, broadcasting, printing and publishing and the supply of equipment and services to these companies.

• Ongoing charge1.09%
• Annual management charge -
• Performance feeNo

Annual management fee is calculated at 1% on the first GBP 1.25bn of the NAV of Company excluding current year revenue, and 0.8% thereafter. The management contract can be terminated at 12 months notice.