INVESTMENT TRUST PARTICULARS
| Launch date: | 26 February, 2002 | |
| Incorporation: | Incorporated in England, No.4134479 | |
| Financial year-end: | 31 March | |
| Latest published accounts: | For the 12 months to 31 March, 2011 and interim report to 30 September, 2011 | |
| Next report & accounts published: | For the 12 months to 31 March, 2012 | |
| Securities outstanding: | 210,377,892 Ordinary Shares 42,034,428 Subscription Shares expiring on 31 May, 2012 £79,949,563 nominal amount of 6% Convertible Unsecured Loan Stock (CULS) due 2016 60,000,000 Zero Dividend Preference Shares (ZDP Shares) due 2016 | |
| Ordinary Share dividend dates: | Ex-dividend January April July October | Dividend payments February May August November |
| CULS interest payment dates: | 31 May and 30 November | |
| CULS conversion notification: | 3 May to 31 May and 2 November to 30 November | |
| CULS conversion dates: | 31 May and 30 November | |
Investment management fees
The Investment Manager is entitled to an investment management fee of 1.5% per annum, payable quarterly, of the Company’s chargeable assets being the assets attributable to the Company's Ordinary Shares, the nominal value of the Convertible Unsecured Loan Stock and the accrued entitlement of the Zero Dividend Preference Shares. The Investment Manager is also entitled to a performance fee in respect of each of the Company’s financial years equal to 15% of the amount by which the Company’s chargeable assets at the end of any financial year exceed its chargeable assets at the end of the previous year by 10%. The performance fee is subject to a high water mark based on the Company’s previous performance, adjusted where appropriate for capital inflows and outflows during the financial year.
Share prices and net asset value information
The Company’s Ordinary Shares, Subscription Shares, 6% Convertible Unsecured Loan Stock (CULS) and Zero Dividend Preference Shares (ZDP Shares) are traded on the London Stock Exchange.
| Ordinary | Subscription | |
| SEDOL number | 3132632 | B3SRSHS |
| ISIN number | GB0031326324 | GB00B3SRSHS9 |
| Reuters ticker | ECW.L | ECWx.L |
| Bloomberg ticker | ECWO LN (Equity) | ECWS LN (Equity) |
| CULS | ZDP Shares | |
| SEDOL number | B504KH3 | B4Z6HJ8 |
| ISIN number | GB00B504KH32 | GB00B4Z6HJ81 |
| Reuters ticker | ECWp.L | ECWo.L |
| Bloomberg ticker | ECWPO (Corp) | ECWZ LN (Equity) |
The Company releases its net asset value per Ordinary Share to the London Stock Exchange weekly on Fridays and at each month-end. These announcements are available on the Reuters and Bloomberg news services, as is other information about the Company. They are also available on the Investment Manager’s website www.ecofin.co.uk.
Share prices of the Company’s Ordinary Shares, Subscription Shares, CULS and ZDP Shares are listed in the Financial Times under the London Share Service “Investment Companies” section.
Annual and interim reports and other Company information
Copies of the Company’s annual and interim reports are available from the Company Secretary, Phoenix Administration Services Limited, Springfield Lodge, Colchester Road, Chelmsford, Essex CM2 5PW; telephone 01245 398950; facsimile 01245 398951; email info@phoenixfundservices.com. The Company also publishes monthly reports summarising developments in the utility sector and the Company’s investment activities. These reports are released to the London Stock Exchange and are available on the Reuters and Bloomberg news services. They are also available on the Investment Manager’s website www.ecofin.co.uk.
Individual Savings Account (ISA)
The Company’s shares are eligible to be held in an ISA account subject to HM Revenue & Customs limits.