The Diverse Income Trust Plc - Investment Management Fee Amendment
June 20 2024 - 10:58AM
UK Regulatory
The Diverse Income Trust Plc - Investment
Management Fee Amendment
PR Newswire
LONDON, United Kingdom, June 20
The
Diverse Income Trust plc
(the
"Company")
Investment
Management Fee Amendment
The Board
of the Company announces that it has agreed with Premier Portfolio
Managers Limited (the "Manager") a reduction to the investment
management fee.
Previously,
the Manager received a fee equal to 0.90 per cent per annum on the
average market capitalisation of the Company up to £300 million;
0.80 per cent per annum on the average market capitalisation
between £300 million and £500 million and 0.70 per cent per annum
on the average market capitalisation above £500 million.
Following
the amendment, which is effective 1 June
2024, the Manager will receive a fee equal to 0.80 per cent
per annum on the average market capitalisation up to £450 million
and 0.70 per cent per annum on the average market capitalisation
above £450 million.
Fees
continue to be calculated and paid monthly in arrears and all other
Manager arrangements otherwise remain unchanged.
Contact
details:
Premier Miton Group plc
|
|
|
Gervais Williams
|
gervais.williams@premiermiton.com
|
01483 306090
|
Martin Turner
|
martin.turner@premiermiton.com
|
|
Claire Long
|
claire.long@premiermiton.com
|
|
20 June 2024
LEI:
2138005QFXYHJM551U45
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