DEL 5.56% 8.5¢ delorean corporation limited

Ann: DEL Multi-Project Funding Partnership with Palisade Impact, page-7

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    Does the 12% fixed preferential return mean they take 12% of the proposed 15-17% IRR p.a or it's just 12% of the profits per annum? Because if they're taking 12% of the IRR that's a lot...
 
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