Aberdeen Asian Smaller Co's Inv Tst Management Fee Arrangements (1096K)
September 19 2016 - 4:00AM
UK Regulatory
TIDMAAS
RNS Number : 1096K
Aberdeen Asian Smaller Co's Inv Tst
19 September 2016
ABERDEEN ASIAN SMALLER COMPANIES INVESTMENT TRUST PLC (the
"Company")
Management Fee Arrangements
19 September 2016
The Board is pleased to report that an amendment to the
management fee has been agreed with Aberdeen Fund Managers Limited
(the "Manager") that is effective from 1 August 2016. From that
date the Manager is entitled to a management fee payable monthly in
arrears based on an annual amount of 1.0% (previously 1.2%) of the
average net asset value of the Company's net assets (gross assets
less liabilities excluding the amount of any loan facilities or
overdraft drawn down) over a 24 month period, valued monthly.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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