F&C Investment Trust plc (FCIT) Ordinary 25p

To secure long-term growth in capital and income through a policy of investing primarily in an internationally diversified portfolio of publicly listed equities, as well as unlisted securities and private equity, with the use of gearing.

From 1 January 2023, the management fee was reduced to a rate of 0.3% on market capitalisation up to GBP 4 bn and at 0.25% thereafter. The fee is calculated and paid monthly. The contract is terminable on 6 months notice.

The revenue account of is managed with the objective of continuing its record of delivering a rising income stream in real terms for shareholders. Prudent use of revenue reserves established over many decades is made whenever necessary to help meet any revenue shortfall. Dividends can also be paid from capital reserves although the Board has no current need or intention of doing so. The Company pays dividend quarterly.

Paul Niven

Paul Niven is Managing Director and Head of Multi-Asset Portfolio Management. He is also Fund Manager for the F&C Investment Trust. Paul joined the firm in 1996 and has worked in Asset Allocation and Investment Strategy since 1999. Paul has had responsibility for the management of Multi-Asset mandates within the group since 2002 and is Chair of the Investment Policy Group. Paul graduated from the University of Strathclyde with a BA (Hons) in Accounting and Economics, obtained an MPhil in Finance, and is a member of the UK CFA Institute.

Beatrice HollondChairman, Quintin Price, Stephen Russell, Richard Robinson, Edward Knapp, Rain Newton-Smith, Julie Tankard, Anuradha Chugh