Aberdeen Standard Equity Income Tst Change of Management Fee (7411Q)
October 22 2019 - 8:00AM
UK Regulatory
TIDMASEI
RNS Number : 7411Q
Aberdeen Standard Equity Income Tst
22 October 2019
ABERDEEN STANDARD EQUITY INCOME TRUST PLC
Legal Entity Identifier (LEI): 549300DN623WEGE2MY04
22 October 2019
Revised Management Fee Arrangements
The Board of Aberdeen Standard Equity Income Trust plc (the
"Company") announces that it has reached agreement with its
Manager, Aberdeen Standard Fund Managers Limited ("ASFML"), to
revise the fees payable under the Investment Management Agreement.
Under the revised agreement the management fee will be calculated
on a net assets basis rather than a total assets basis and the
threshold at which a lower fee rate will apply will be reduced from
GBP250m to GBP175m. Accordingly, with effect from 1 October 2019,
the fees payable to ASFML will be calculated at a rate of 0.65% per
annum of net assets up to GBP175 million and at a rate of 0.55% per
annum of net assets above this level.
Enquiries:
William Hemmings
Aberdeen Asset Management PLC
Company Secretary
1 George Street
Edinburgh EH2 2LL
Tel: 020 7463 6223
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END
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