Martin Currie Global Portfolio Tst Changes to Investment Management Fee (2030M)
January 19 2021 - 9:00AM
UK Regulatory
TIDMMNP
RNS Number : 2030M
Martin Currie Global Portfolio Tst
19 January 2021
Martin Currie Global Portfolio Trust plc
Legal Entity Identifier: 549300RKB85NFVSTBM94
Changes to Investment Management and Performance Fee
Arrangements
1 February 2021
The Board of Martin Currie Global Portfolio Trust plc ("the
Company") announces that, following a review, the Company has
agreed with Martin Currie Investment Management Limited ("the
Investment Manager") that, with effect from 1 February 2021, the
performance fee arrangement will be discontinued and the investment
management fee amended from 0.4% to 0.5% per annum for the first
GBP300m of the Company's net asset value (excluding income) and
from 0.4% to 0.35% for net assets (excluding income) in excess of
GBP300m,.
The removal of the performance fee results in a simpler and more
transparent cost structure and the newly agreed tiered investment
management fee contributes to a stable ongoing charge which will
progressively reduce as the net asset value grows.
The Board are confident that the new structure will maintain a
competitive ongoing charge and contribute to increasing shareholder
value.
For further information, please contact:
Ewan Cameron
For and on behalf of
Martin Currie Investment Management Limited
Company Secretary
0131 229 5252
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