Monks Investment Trust PLC Management Fee Arrangements (4475H)
March 12 2018 - 9:14AM
UK Regulatory
TIDMMNKS
RNS Number : 4475H
Monks Investment Trust PLC
12 March 2018
The Monks Investment Trust PLC
Change in Management Fee
The Board of The Monks Investment Trust PLC announces a change
in the calculation of the Company's management fee, with the
introduction of a further stepped tier at GBP1.75bn of total
assets*.
With effect from 1 May 2018 the annual management fee payable to
the Company's Investment Managers and Secretaries, Baillie Gifford
& Co Limited, will be as follows: 0.45% on the first GBP750m of
total assets, 0.33% on the next GBP1bn of total assets and 0.30% on
the remaining total assets. The fees are calculated on a quarterly
basis.
"I am delighted to be announcing a further change in the
calculation of the Company's management fee, with the introduction
of a further stepped tier at GBP1.75bn of total assets. This will
ensure that shareholders continue to benefit from economies of
scale as the Company grows and that the ongoing charges remain
highly competitive against other funds." - James Ferguson, Chairman
The Monks Investment Trust PLC.
*The total value of all assets held less all liabilities (other
than any liability in the form of debt intended for investment
purposes).
Baillie Gifford & Co Limited
Managers and Secretaries
12 March 2018
Legal Entity Identifier: 213800MRI1JTUKG5AF64
Regulated Information Classification: Additional regulated
information required to be disclosed under the laws of a Member
State of the EU
This information is provided by RNS
The company news service from the London Stock Exchange
END
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