Management Fee Arrangements

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.

 

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