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Agenda item
Portfolio Review
- Meeting of The Committee of Aldermen to Administer the Sir William Coxen Trust Fund, Thursday, 5th December, 2013 12.40 pm (Item 6.)
- View the background to item 6.
To consider a report of the Chamberlain relative to a review of the investment portfolio.
Minutes:
The Committee received a report of the Chamberlain, which updated Members on the investment performance of the Income Fund. Income received during 2012/13 amounted to £118,815.
The Chamberlain noted that due to the estimated dividend and interest income in 2013/14 and an adequate reserve having been established, the Trust could allocate up to £75,000 in grants at this meeting.