The Diverse Income Trust plc
(the "Company")
Investment Management Fee Amendment
The Board of the Company announces that it has agreed with Premier Portfolio Managers Limited (the "Manager") a reduction to the investment management fee.
Previously, the Manager received a fee equal to 0.90 per cent per annum on the average market capitalisation of the Company up to £300 million; 0.80 per cent per annum on the average market capitalisation between £300 million and £500 million and 0.70 per cent per annum on the average market capitalisation above £500 million.
Following the amendment, which is effective 1 June 2024, the Manager will receive a fee equal to 0.80 per cent per annum on the average market capitalisation up to £450 million and 0.70 per cent per annum on the average market capitalisation above £450 million.
Fees continue to be calculated and paid monthly in arrears and all other Manager arrangements otherwise remain unchanged.
Contact details:
Premier Miton Group plc |
|
|
Gervais Williams | gervais.williams@premiermiton.com | 01483 306090 |
Martin Turner | martin.turner@premiermiton.com |
|
Claire Long | claire.long@premiermiton.com |
|
20 June 2024
LEI: 2138005QFXYHJM551U45