POLAR CAPITAL TECHNOLOGY TRUST PLC
Legal Entity Identifier: 549300TN1O5392UC4K19
09th April 2018
Net Asset Value
As at close of business on 06th April 2018 the unaudited net asset value per share, calculated in accordance with the AIC formula (including current year deficit and based on bid market values) was 1,110.57p.
Polar Capital Technology Trust plc may pay a performance fee to its investment manager, Polar Capital LLP, which would be payable after the year end, as a result of outperformance over the benchmark index, if the NAV per share (after adjusting for share buy backs and issuance and any previous accrual for the performance fee) exceeds the benchmark-adjusted high water mark. The precise amount of any performance fee payable is capped in accordance with the terms of the Investment Management Agreement and will be subject to external audit. An estimate is accrued within the current NAV per share.
For the purposes of calculating the performance fee, the NAV adjusted as described above is 1,118.29p per share.
The high water mark is the higher of the benchmark-adjusted NAV per share when the last performance fee was paid or the benchmark-adjusted NAV per share at the previous year end.
The current benchmark-adjusted high water mark is 1,067.05p.
The performance fee, if payable, will be accrued daily.
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This information is provided by RNS