We believe the relationship between the Board and the Company Secretary is key. Our team of experienced company secretaries provides support to the Board of Directors of investment trust companies to ensure that they comply with relevant legislation and regulation. Our company secretaries are also responsible for the preparation inter alia of interim and annual accounts, comprehensive board papers and minutes.

Our dedicated administration team provides a full back-office service for investment trust companies including settlement of trades, payment of expenses, income processing, preparation of daily net asset values and various reconciliations.

We provide DCM services to a number of investment trust companies. The DCM service ensures that the shares of these companies trade at close to net asset value (NAV) in normal market circumstances. This is achieved through a combination of share buy-backs, at a small discount to NAV, and the issue or reissue of new or treasury shares, at a small premium to NAV.

The benefits of the DCM include better liquidity in the Company’s shares, providing market makers confidence to buy or sell shares in the Company (irrespective of size) as and when required. It can also help reduce the volatility of the Company’s share price and provide shareholders the confidence that they can enter or exit the Company’s shares at around NAV.

We believe that these benefits, when linked with strong investment performance and a strong marketing resource, provide an attractive opportunity to grow the size of a company over time, as well as lowering its ongoing charges ratio.

The Company is authorised and regulated by the Financial Conduct Authority for the provision of AIFM services. In this role we assume responsibility for the ongoing risk management of the investment trust (in accordance with its investment policy and Board guidelines) with oversight of delegated portfolio management.