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Thomson Financial Business Description:
| The Company's principal activity is that of an Investment Trust. The objective of the Company is to provide an above average level of income and income growth together with long term growth of capital through a policy of investing mainly in higher yielding UK FTSE 100 companies. The Company is an Investment Company within the meaning of Section 266 of the Companies Act 1985. The Company has been approved by the HM Revenue and Customs as an Investment Trust for the purposes of Section 842 of the Income and Corporate Taxes Act 1988 for the year ended 31-Jan-2007. Investment management services are provided by RCM (UK) Ltd for a fee calculated at the rate of 0.35% per annum of the value of the Company's assets, calculated monthly, after deduction of current liabilities, short term loans under one year. The agreement is terminable at one year's notice. |
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