Manchester & London Inv Tst plc (MNL) Ordinary 25p

Manchester and London Investment Trust plc is a United Kingdom-based investment trust company. The investment objective of the Company is to achieve capital appreciation. The Company’s investment objective is sought to be achieved through a policy of actively investing in a diversified portfolio, comprising any global equities and/or fixed interest securities and/or derivatives. The Company may invest in derivatives, money market instruments, currency instruments, contracts for differences (CFDs), futures, forwards and options for the purposes of holding investments and hedging positions against movements. The Company seeks investment exposure to companies whose shares are listed, quoted or admitted to trading. It invests in various sectors, including information technology, communication services, and healthcare. The Company's investment manager and alternative investment fund manager is M&L Capital Management Limited.

The investment objective of the Company is to achieve capital appreciation. The Company’s investment objective is sought to be achieved through a policy of actively investing in a diversified portfolio, comprising any of global equities and/or fixed interest securities and/or derivatives. The Company may invest in derivatives, money market instruments, currency instruments, contracts for differences (“CFDs”), futures, forwards and options for the purposes of (i) holding investments and (ii) hedging positions against movements in, for example, equity markets, currencies and interest rates.

• Ongoing charge0.90%
• Annual management charge -
• Performance feeNo

Under the new agreement, the fee payable to the Manager is 0.7 percent per annum of the NAV up to 750 million, 0.5 percent per annum of the NAV between 750 million and 1.5 billion, and 0.3 percent per annum of the NAV above 1.5 billion. Contract terminable on notice period of 3 months.