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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Martin Currie Global Portfolio Trust Plc | LSE:MNP | London | Ordinary Share | GB0005372411 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 365.00 | 365.00 | 370.00 | 365.00 | 365.00 | 365.00 | 12,660 | 10:18:28 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Unit Inv Tr, Closed-end Mgmt | -27.28M | -29.75M | -0.4024 | -9.07 | 269.83M |
From Apr 2019 to Apr 2024
TIDMMNP
RNS Number : 2030M
Martin Currie Global Portfolio Tst
19 January 2021
Martin Currie Global Portfolio Trust plc
Legal Entity Identifier: 549300RKB85NFVSTBM94
Changes to Investment Management and Performance Fee Arrangements
1 February 2021
The Board of Martin Currie Global Portfolio Trust plc ("the Company") announces that, following a review, the Company has agreed with Martin Currie Investment Management Limited ("the Investment Manager") that, with effect from 1 February 2021, the performance fee arrangement will be discontinued and the investment management fee amended from 0.4% to 0.5% per annum for the first GBP300m of the Company's net asset value (excluding income) and from 0.4% to 0.35% for net assets (excluding income) in excess of GBP300m,.
The removal of the performance fee results in a simpler and more transparent cost structure and the newly agreed tiered investment management fee contributes to a stable ongoing charge which will progressively reduce as the net asset value grows.
The Board are confident that the new structure will maintain a competitive ongoing charge and contribute to increasing shareholder value.
For further information, please contact:
Ewan Cameron
For and on behalf of
Martin Currie Investment Management Limited
Company Secretary
0131 229 5252
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
January 19, 2021 09:00 ET (14:00 GMT)
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