The principal activity of the Company is to conduct business as an investment trust.
The Manager will seek to meet this objective by investing primarily in securities issued by companies, quoted or domiciled in the US and Canada. These include privately placed common stock, preferred stock, convertible debentures and warrants, and may also include securities traded on an exchange. The companies in which investments are made would generally be regarded as belonging to the category of companies with ‘mirco’ stock capitalisations at the time of purchase, typically those companies with market capitalisations below $1 billion.
It is the Company's policy not to invest in UK listed investment companies, including listed investment trusts. The Directors do not envisage any major changes in the Manager's investment approach in the foreseeable future.
The Company's Manager, RENN Capital Group, is based in Dallas and has a thorough understanding of the US economic climate, plus a thirty-four year track record in identifying growth opportunities in US smaller companies.