The Group has a straightforward investment strategy to provide stable and sustainable dividend income to investors from a carefully-selected portfolio of modern care homes, diversified by tenant, geography and end-user payment profile.
NAV up to and including GBP 500m, the annual management fee is 1.05% Above GBP 500m and up to and including GBP 750m, fee is 0.95% Above GBP 750m and up to and including GBP 1bn, fee is 0.85% Above GBP 1bn and up to and including GBP 1.5bn, fee is 0.75% Above GBP 1.5bn, fee is 0.65%. No performance fee. The contract is terminable on 24 months notice.
Subject to market conditions and the performance of the Company, financial position and financial outlook, it is the intention of the Directors is to pay an attractive level of dividend income to shareholders on a quarterly basis. In order to ensure that the Company continues to pay the required level of distribution to maintain Group REIT status and to allow consistent dividends to be paid on a regular quarterly basis, the Board intends to continue to pay all dividends as interim dividends. The Company does not therefore announce a final dividend. The Board believes this policy remains appropriate to the circumstances of the Group and is in the best interests of shareholders.