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Pavilion Asset Management – Pavilion Geared Recovery Trust

Wednesday, 15 August 2001.

Type: Split Capital Investment Trust.

Aim: Growth by investing in recovery shares and income shares of other split capital investment trusts.

Minimum investment: Subject to negotiation with stockbroker.

Maximum investment: Subject to negotiation with stockbroker.

Investment split: Recovery shares 60 per cent, income shares 40 per cent.

Types of share: Ordinary, zero-dividend.

Isa link: Yes.

Pep transfers: Yes.

Redemption date: August 14, 2007.

Charges: Initial up to 2.5 per cent, annual 0.8 per cent.

Commission: None.

Tel: 020 7648 8764.

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