CT Global Managed Portfolio Trust Performance Fee (1611B)
September 29 2022 - 4:02AM
UK Regulatory
TIDMCMPG
RNS Number : 1611B
CT Global Managed Portfolio Trust
29 September 2022
To: RNS
From: CT Global Managed Portfolio Trust PLC
Date: 29 September 2022
LEI: 213800ZA6TW45NM9YY31
Performance fee
Since the launch of CT Global Managed Portfolio Trust PLC (the
"Company") in 2008, in addition to an annual investment management
fee, based on the total assets of each Portfolio, if certain
conditions were met, a performance fee has been payable to Columbia
Threadneedle Investment Business Limited (the "Manager"). The
performance fee, in respect of any one financial year, was capped
at 0.35% of the total assets of the relevant Portfolio.
Over recent years, the use of performance fees, which are often
complicated and costly, has reduced across the investment trust
sector. The Board and the Manager have discussed the
appropriateness of a performance fee and are pleased to have agreed
its cessation with immediate effect. Both the Board and Manager
believe this to be in shareholders' best interests and will help
simplify and reduce the level of fees incurred by the Company in
the future.
The last performance fee generated and payable to the Manager
was in the year to 31 May 2021 and no subsequent performance fee
has been accrued.
There will be no change to the annual investment management fee
charged by the Manager.
For further information please contact:
Ian Ridge, Columbia Threadneedle Investment Business Limited 0131 718 1010
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCKKLBLLKLBBBB
(END) Dow Jones Newswires
September 29, 2022 05:02 ET (09:02 GMT)
Ct Global Managed Portfo... (LSE:CMPG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ct Global Managed Portfo... (LSE:CMPG)
Historical Stock Chart
From Apr 2023 to Apr 2024