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Martin Currie GblPrt (MNP)

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Tuesday 19 January, 2021

Martin Currie GblPrt

Changes to Investment Management Fee

RNS Number : 2030M
Martin Currie Global Portfolio Tst
19 January 2021
 

Martin Currie Global Portfolio Trust plc

Legal Entity Identifier: 549300RKB85NFVSTBM94

 

Changes to Investment Management and Performance Fee Arrangements

1 February 2021

 

The Board of Martin Currie Global Portfolio Trust plc ("the Company") announces that, following a review, the Company has agreed with Martin Currie Investment Management Limited ("the Investment Manager") that, with effect from 1 February 2021, the performance fee arrangement will be discontinued and the investment management fee amended from 0.4% to 0.5% per annum for the first £300m of the Company's net asset value (excluding income) and from 0.4% to 0.35% for net assets (excluding income) in excess of £300m,. 

 

The removal of the performance fee results in a simpler and more transparent cost structure and the newly agreed tiered investment management fee contributes to a stable ongoing charge which will progressively reduce as the net asset value grows.

 

The Board are confident that the new structure will maintain a competitive ongoing charge and contribute to increasing shareholder value.   

 

For further information, please contact:

 

Ewan Cameron

For and on behalf of

Martin Currie Investment Management Limited

Company Secretary

0131 229 5252

 

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