Fees

 

Manager Base Fee

The Base Fee is calculated as follows: where the Net Investment Value (“NIV”) of GIL is less than or equal to $1.5 billion, 1.0% per annum of the NIV; and where the NIV is greater than $1.5 billion, 1.0% per annum of the NIV up to and including $1.5 billion and 1.5% on the NIV in excess of $1.5 billion.  

For more details on the Manager Base Fee, please refer to Page 27 of GIL’s Shareholders Circular dated 5 November 2009, which can be downloaded by clicking here.    

Manager Incentive Fee

The Incentive Fee shall only first become payable when the share price exceeds the threshold of GIL's 3Q2009 unaudited net asset value, which was $0.36 per share. The Incentive Fee is calculated as an amount equal to 20% of the amount by which the share value exceeds the threshold amount; in accordance with the New Management Agreement. Thereafter, the Manager is entitled to collect Incentive Fee which represents 20.0% of any excess return of the Shares over the benchmark return of 8.0% per annum for the half-year after recovering any deficit from the prior three years which has been carried forward calculated in accordance with the New Management Agreement.

For more details on the Manager Incentive Fee, please refer to Page 27 of GIL’s Shareholders Circular dated 5 November 2009, which can be downloaded by clicking here.    

Other Fees

For more details on Other Fees which may be payable by GIL, please refer to Page 27 to 29 of GIL’s Shareholders Circular dated 5 November 2009, which can be downloaded by clicking here.  

 

© Copyright 2016
Global Investments Limited
© Copyright 2016
Global Investments Limited