Last checked at 26 Jul 2016 11:09
POLAR CAPITAL TECHNOLOGY TRUST PLC
26th July 2016
Net Asset Value
As at close of business on 25th July 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 751.77p.
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 753.28p.
The performance fee, if payable, will be accrued daily.
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For further information, please call:
Tom Astor
Investment Trust Operations Department
Polar Capital Partners Limited
Tel: 020 7227 2780
www.polarcapitaltechnologytrust.co.uk