To generate a regular and attractive level of income with low asset value volatility by investing in diversified portfolio of public and private debt and debt-like instruments. Over the longer term, it is expected that the Company will be mainly invested in private Debt Instruments, which are those instruments not quoted on a stock exchange.
A management fee is calculated by 0.5% p.a. of the prevailing published NAV and 0.7% p.a. of the prevailing published NAV thereafter.The management fee will be paid quarterly. The contract is terminable on 6 months notice.
The Company intends to pay two dividends in respect of the first financial period following Initial Admission. The first interim dividend is expected to be declared in July 2019 and paid in August 2019 and the second interim dividend is expected to be declared in January 2020 and paid in February 2020. Thereafter the Company intends to pay dividends on a quarterly basis with dividends typically declared in January, April, July and October and paid in February, May, August and November in each financial year.