1 Aug 2017 12:34
WITAN PACIFIC INVESTMENT TRUST PLC
1 August 2017
The Board of Witan Pacific Investment Trust plc announces that it intends to adopt the policy of allocating certain costs between the capital and revenue columns in its Income Statement. Management fees are to be charged in the following proportions: Capital 75%; Revenue 25%. Performance fees will continue to be charged wholly to Capital. The allocation percentages approximate to the split of historic returns between capital gains and income, and reflect the Board's view of the expected long-term split of returns, in compliance with the SORP. This allocation will be used in the Company's half year report to 31 July, 2017, effective from 1 February 2017.
Capita Company Secretarial Services Limited - Corporate Secretary
Email: WitanPacificInvestmentTrustPLC@capita.co.uk