Polar Capital Technology Trust PLC Net Asset Value(s) (7124M)
17 October 2016 - 9:34PM
UK Regulatory
TIDMPCT
RNS Number : 7124M
Polar Capital Technology Trust PLC
17 October 2016
POLAR CAPITAL TECHNOLOGY TRUST PLC
17(th) October 2016
Net Asset Value
As at close of business on 14(th) October 2016 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 853.3p.
Polar Capital Technology Trust plc may pay a performance fee to
its investment manager, Polar Capital LLP, which would be payable
at 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 accrual for the performance fee) exceeds the
benchmark-adjusted high water mark.
For the purposes of calculating the performance fee, the NAV
adjusted as described above is below the benchmark-adjusted high
watermark.
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 858.17p.
The performance fee, if payable, will be accrued daily.
- ENDS -
For further information, please call:
Patrick Stuff
Investment Trust Operations Department
Polar Capital Partners Limited
Tel: 020 7227 2700
www.polarcapitaltechnologytrust.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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