Net Asset Value(s)

RNS Number : 2937S

Polar Capital Technology Trust PLC

07 September 2010

 



POLAR CAPITAL TECHNOLOGY TRUST PLC

POLAR CAPITAL LLP

7^th September 2010  

POLAR CAPITAL TECHNOLOGY TRUST PLC

As at close of business on 6^th September 2010 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 307.83p.

As set out in the annual report and accounts, Polar Capital Technology Trust plc has a performance fee which is calculated at the end of each month.  A performance fee would be payable as a result of outperformance over the benchmark index, subject to the adjusted NAV per share exceeding the high water mark.

Whilst a performance fee is currently payable as a result of outperformance over the benchmark index, no performance fee accrual has been made in the unaudited NAV per share above, as the company's adjusted NAV does not currently exceed the high water mark which for these purposes is 315.13 pence per share.

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For further information, please call:

Jack Wakeling

Investment Trust Operations Department

Polar Capital Partners Limited

Tel: [phone]

www.polarcapitaltechnologytrust.co.uk 

 

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