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 Nov 2022 to Dec 2022 Click Here for more Ct Global Managed Portfo... Charts.
Ct Global Managed Portfo... (LSE:CMPG)
Historical Stock Chart
From Dec 2021 to Dec 2022 Click Here for more Ct Global Managed Portfo... Charts.