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Murray Intnl Trust (MYI)

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Thursday 20 December, 2018

Murray Intnl Trust

Amendment to Management Fee

RNS Number : 1664L
Murray International Trust PLC
20 December 2018
 

Murray International Trust PLC (the "Company")

Legal Entity Identifier (LEI):  549300BP77JO5Y8LM553

 

20 December 2018

 

Amendment to Management Fee

 

The Board and Manager are pleased to inform Shareholders of an agreed reduction in the level of management fees payable by the Company with effect from 1 January 2019.

 

With effect from 1 January 2019 the management fee will be 0.5% of Net Assets up to £1,200m and 0.425% of Net Assets above £1,200m.  Up to 31 December 2018 the existing management fee will continue to be charged at the rate of 0.575% of Net Assets up to £1,200 million, 0.5% of Net Assets between £1,200 million and £1,400 million, and 0.425% of Net Assets above £1,400 million. Save for the aforementioned changes, all other terms and conditions contained in the Company's Management Agreement dated 14 July 2014 (as amended) remain unaltered.

 

 


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