REG-The Diverse Income Trust Plc: Investment Management Fee Amendment

Diverse Income TrustAnnouncement

20/06/2024 16:00

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

 



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