The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

Latest Share Chat

Statement re Management Fee Arrangements

1 Oct 2018 15:00

Invesco Income Growth Trust Plc - Statement re Management Fee Arrangements

Invesco 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

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.