abrdn Equity Income flattens management fee

investmentweek.co.uk:

Based on AEI’s assets of £142.7m as at 6 November, the change will amount to a 15.4% reduction in the fees paid as compared to the existing fee arrangement.

In a stock exchange notice today (8 November), AEI said that from 1 October, the trust's management fee will be charged at an annual flat fee of 0.55% of its net asset value. 

Before that, the trust's management fee was charged at an annual rate of 0.65% of its NAV up to £175m and at an annual rate of 0.55% of NAV above £175m. 

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Based on AEI's  £142.7m in assets as of 6 November, the change will amount to a 15.4% reduction in the fees paid as compared to the existing fee arrangement. 

According to the Association of Investment Companies, abrdn Equity Income is currently trading at a 1.9% premium. 

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