Contents of annual
report of a business trust
Paragraph 6 in Part C, Appendix 9C of the Main LR
prescribes that the annual report of the business trust must include the
disclosure of the manager’s fee to average total asset ratio together with any
other ratios that may be appropriate for the specific business of the business
trust in its 5 year financial highlights. What are the other ratios envisaged
under this requirement?
This may include management fee to operating
cash flow ratio.