To enable investors to benefit from growth in the markets for cleaner or more efficient delivery of basic services of energy, water and waste. Investments are made predominantly in quoted companies which provide, utilise, implement or advise upon technology-based systems, products or services in environmental markets, particularly those of alternative energy and energy efficiency, water treatment and pollution control, and waste technology and resource management.
The Manager is entitled to remuneration each month at a rate equivalent to one twelfth of 0.9% on the NAV up to and including the first GBP 475m and 0.65% on NAV in excess of GBP 475m.
The Directors typically expect the Company to generate returns in the form of capital gains rather than revenue. To meet the Investment Trust requirements, the Company intends to pay dividends on an annual basis by way of a final dividend, with the dividend paid following approval at the AGM each year. It is the policy of the Board to pay out substantially all of the revenue reserves of the company. The Board intends in future to pay two dividends annually.