Bfs Income & Growth Trust Plc - BFS- Profile

BFS Income & Growth Trust PLC. The Group's principal activity is that of an Investment Trust. The objective of the Group is to provide an attractive level of yield to Ordinary shareholders and Income shareholders while maintaining the potential for capital growth, to provide the preferred capital entitlement of the ZCPs and Income shares and to provide a reasonable prospect for growth for the Ordinary shares. Subsequent to the year ended 31-Jul-2002, the Group ceased to be an Investment Company within the meaning of Section 266 of The Companies Act 1985 as it had retained in excess of 15% of its income derived from securities in respect of that financial year. Its status under Section 842 for each of the years ended 31-Jul-2003 and 31-Jul-2004 is currently under review.Investment management services are provided by BFS Investments PLC for a fee calculated at the rate of 0.65% per annum of the Group's gross assets less current liabilities, payable quarterly in arrears. Operates as an Investment Trust Company