The Company has an objective of income generation and capital growth, while seeking to maintain lower levels of portfolio volatility than traditional equity portfolios.The Company will seek to achieve its investment objective through a multi-asset strategy, maintaining a high degree of flexibility with respect to asset class, geography and sector of the investments selected for the portfolio. The Company has no set maximum or minimum exposures to any asset class, geography and sector of investments and will seek to achieve an appropriate spread of risk by investing in a diversified global portfolio of securities and other assets.
Management fee is calculated at a rate of 0.65% p.a. on the first GBP 250m of NAV and 0.60% p.a. on any amounts above GBP 250m of NAV. The contract can be terminated on notice period of six months.
The Company seeks to achieve income and capital returns through investment in a diversified portfolio of assets, which is expected to provide for a progressive distribution policy. The financial year end of the Company is February, with the first accounting period ending on 2019/02/28. The Company intends to pay a distribution of 4% per share in respect of the first financial period which would equate to a distribution yield of 4% on the Initial Issue Price.