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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Monks Investment Trust Plc | LSE:MNKS | London | Ordinary Share | GB0030517261 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -16.00 | -1.41% | 1,122.00 | 1,120.00 | 1,126.00 | 1,128.00 | 1,118.00 | 1,128.00 | 43,220 | 10:05:12 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Mgmt Invt Offices, Open-end | -47.92M | -67.84M | -0.3025 | -37.09 | 2.52B |
From Apr 2019 to Apr 2024
TIDMMNKS
RNS Number : 6047A
Monks Investment Trust PLC
27 March 2017
The Monks Investment Trust PLC
Change in Management Fee
The Board of The Monks Investment Trust PLC is pleased to announce a change in the calculation of the Company's management fee, with the introduction of a second tier and the calculation to be based on total assets*.
With effect from 1 May 2017 the annual management fee payable to the Company's Investment Managers and Secretaries, Baillie Gifford & Co Limited, will be as follows: 0.45% on the first GBP750m of total assets and 0.33% on the remaining total assets. The fees are calculated on a quarterly basis.
"I am delighted that we have entered into a tiered management fee arrangement with Baillie Gifford which ensures that shareholders benefit from economies of scale. In the last financial year the Company's ongoing charges were 0.59% and this new arrangement should help ensure that the ongoing charge remains highly competitive against other funds." - James Ferguson, Chairman of The Monks Investment Trust PLC
*The total value of all assets held less all liabilities (other than any liability in the form of debt intended for investment purposes).
Baillie Gifford & Co Limited
Managers and Secretaries
27 March 2017
Legal Entity Identifier: 213800MRI1JTUKG5AF64
Regulated Information Classification: Additional regulated information required to be disclosed under the laws of a Member State of the EU
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCOKODQFBKKCNB
(END) Dow Jones Newswires
March 27, 2017 04:52 ET (08:52 GMT)
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