1 Oct 2018 15:00
Invesco Income Growth Trust Plc - Statement re Management Fee ArrangementsInvesco Income Growth Trust Plc - Statement re Management Fee Arrangements
PR Newswire
London, October 1
Invesco Income Growth Trust plc
LEI: 549300DI4285Q8ZFO135
HEADLINE: Management Fee Arrangements
Following constructive discussions with the Company’s Manager, Invesco Fund Managers Limited, the Board is pleased to announce the agreement of amendments to the existing fee arrangement effective 1 October 2018.
The amendments are as follows:
1. A reduction in the fee from 0.65% to 0.60% for the first £150 million of market capitalisation;
2. A reduction in the fee from 0.55% to 0.50% for amounts over £150 million of market capitalisation.
Other terms relating to fees and notice remain unchanged.
Mr Twiss, the Chairman of the Company commented “Shareholders in the Company have benefited from good long term outperformance of the UK stock market and consistent growth of the dividend over 21 years, reflected by the admission to the AIC Dividend Heroes listing in 2017. However, the Board is also mindful of the need for it to be competitive in the wider marketplace. We are therefore delighted to announce these changes which we believe will further help to ensure that the Company continues to be an attractive investment, particularly for investors seeking a growing source of income, derived from a portfolio of high quality companies listed on the UK stock market.”
Invesco Asset Management Limited
Corporate Company Secretary
1 October 2018