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Wright Reports > Company Profile Report > T > Third Advance Value Realisation Company

Third Advance Value Realisation Company - Company Profile Snapshot

Company Profile: Third Advance Value Realisation Company
Ticker: TAR
Exchanges: LON
2007 Sales: 480,000
Major Industry: Financial
Sub Industry: Investment Companies
Country: UNITED KINGDOM
Employees:

Business Description
Third Advance Value Realisation Company. The Company's principal activity is that of an Investment Trust. The Company is an Investment Company within the meaning of Section 266 of the Companies Act 1985. The Company has been approved by the Inland Revenue as an Investment Trust for the purposes of Section 842 of the Income and Corporation Taxes Act 1988 for the year ended 30-Nov-2006.Investment management is provided by Progressive Value Management Ltd for a basic fee, capital return fee and equity appreciation fee. The basic fee will be payable monthly in arrears and will be a fixed amount equivalent to one twelfth of one per cent of the aggregate value at the Placing Price of the Ordinary Shares and the Redeemable Preference Shares placed pursuant to the Placing. The agreement may be terminated be either party thereto on not less than 12 months written notice expiring on 31 May or 30 November in any year, subject to earlier termination in certain circumstances including certain breaches.

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