Investment Manager Agreement

RNS Number : 2425J
Greenwich Loan Income Fund Ltd
26 March 2010
 



Greenwich Loan Income Fund Limited ("GLIF" or the "Company")

 

Investment Manager Agreement Variation

 

26 March 2010

 

The Board announces today that the Company has agreed to amend certain terms of the Investment Manager Agreement ("IMA") with its Investment Manager, T2 Advisers, LLC ("T2 Advisers") whereby:

 

• for the third quarter of 2010 and all following quarters the management fee payable to T2 Advisors will be reduced by 25 basis points from 2.00% of gross assets to 1.75% of gross assets.

 

•T2 Advisers has agreed to the cancellation of GLIF's Share Option Plan and has agreed to surrender the 555,555 options which it currently holds under this plan.

 

The directors consider, having consulted with its nominated adviser, that the aforementioned amendments to the IMA are fair and reasonable insofar as the Company shareholders are concerned.

 

 

Contacts:

 

Geoffrey Miller

Greenwich Loan Income Fund Limited

+353 1 4433 466

 

Patrick Conroy

Greenwich Loan Income Fund Limited

+1 203 983 5282

 

Philip Secrett

Nominated Adviser

Grant Thornton Corporate Finance

+44 207 383 5100

 

Jos Trusted

Singer Capital Markets Limited

+44 (0) 20 3205 7622

 

Ed Gascoigne Pees

Financial Dynamics

+44 (0) 207 269 7132


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCPGUCCWUPUURQ
UK 100

Latest directors dealings