Polar Capital Technology Trust PLC Net Asset Value(s) (8516W)
February 14 2017 - 6:07AM
UK Regulatory
TIDMPCT
RNS Number : 8516W
Polar Capital Technology Trust PLC
14 February 2017
POLAR CAPITAL TECHNOLOGY TRUST PLC
14(th) February 2017
Net Asset Value
As at close of business on 13(th) February 2017 the unaudited
net asset value, calculated in accordance with the AIC formula
(including current year deficit and based on bid market values) was
903.83p.
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 watermark 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 watermark is 915.25p.
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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