Change of Name and Reduction in Investment Mgt Fee

RNS Number : 9910U

Aberdeen New India Invest Trust PLC

31 March 2023

 

ABERDEEN NEW INDIA INVESTMENT TRUST PLC

Legal Entity Identifier (LEI): 549300D2AW66WYEVKF02

31 March 2023

Change of Name

Aberdeen New India Investment Trust PLC (the "Company") announces that its name has changed, with effect from 31 March 2023, to abrdn New India Investment Trust plc in order to reflect the prior name change of its investment manager.

The Company has received approval from Companies House to effect the change.

The Company's mnemonic identifier will remain as 'ANII'. The Company's SEDOL and ISIN are also unchanged.

Reduction in Management Fee

The Board of the Company is also pleased to announce that it has reached agreement with abrdn Fund Managers Limited to amend its management fee arrangements.

With effect from 1 April 2023, the investment management fee will be calculated at an annual rate of 0.8% (formerly 0.85%) in respect of the first £300 million (formerly £350 million) of the Company's net assets and an annual rate of 0.6% (formerly 0.7%) in respect of the Company's net assets in excess of £300 million (formerly £350 million).

Enquiries:

For further information, please contact:

Stuart Reid

abrdn Holdings Limited

Secretaries

Tel.   [phone]

Email:  [e-mail]

 

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