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Wright Reports > Company Profile Report > M > M & G Recovery Investment Company Limited

M & G Recovery Investment Company Limited - Company Profile Snapshot

Company Profile: M & G Recovery Investment Company Limited
Ticker: MGR
Exchanges: LON
2008 Sales: 9,301,000
Major Industry: Financial
Sub Industry: Investment Companies
Country: UNITED KINGDOM
Employees:

Business Description
M & G Recovery Investment Company Limited. The Company's principal activity is that of a Closed-ended Split Capital Investment. The objective of the Company is to provide Zero Dividend shareholders with a predetermined capital entitlement on the planned winding-up date and ordinary shareholders with quarterly income together with capital growth.Investment management services are provided by M&G (Guernsey) Ltd for a fee calculated at a rate of 1.0% per annum of the value of the Company's total assets less its current liabilities payable monthly in advance. The agreement is terminable by either party on one year's notice although in certain circumstances it may be terminated with immediate effect.

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