To generate an attractive total return for shareholders consisting of dividend income and capital growth through investments in specialty lending market through Platforms and other lending related opportunities. Direct investments may include consumer loans, SME loans, advances against corporate trade receivables and/or purchases of corporate trade receivables originated by Platforms. Indirect investments may include investments in Platforms through the provision of credit facilities, equity or other instruments.
Annual management fee of 1% of NAV. Performance fee of 15% of the total increase in the Adjusted NAV since the NAV as at 30 April 2017. The contract is terminable on 6 months notice.
The dividends target dividend is 8.00p per year. The Company intends to distribute at least 85% of its distributable income earned in each financial year by way of dividends. The Company intends to pay quarterly dividends to Shareholders with dividends declared in February, May, August and November in each year and paid within one month of being declared.