Management Fee Reduction & Performance Fee Removal
Summary by AI BETAClose X
The Scottish Oriental Smaller Companies Trust plc (the "Company")
LEI: 213800DBSW6WJXKNXL87
Management Fee Reduction and Removal of Performance Fee
The Board of the Company announces that, following a review of the Company's fee arrangements, it has agreed revised terms with the Company's Alternative Investment Fund Manager (the "AIFM"), First Sentier Investors (UK) Funds Limited.
Management Fee Reduction
With effect from 1 March 2026, the Company's management fee will be reduced and restructured as follows:
· 0.70% per annum on the lower of market capitalisation and net assets up to £250 million; and
· 0.65% per annum on the lower of market capitalisation and net assets above £250 million.
This replaces the current base management fee of 0.75% per annum of net assets.
Removal of Performance Fee
As part of the revised arrangements, the performance fee has been removed in its entirety. No performance fees will be charged after the effective date.
Rationale
The Board believes that the revised fee structure provides a more competitive cost base for the Company, particularly by ensuring that the fee is calculated on the lower of market capitalisation and net asset value. This change, in conjunction with the Company's ongoing share buyback programme, is expected to enhance the Company's investment proposition and reflects the Board's continued focus on delivering value for shareholders.
Juniper Partners Limited
Company Secretary
email: cosec@junipartners.com
Tel: 0131 378 0500
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