Company Announcements

Change of Management Fee

Source: RNS
RNS Number : 7411Q
Aberdeen Standard Equity Income Tst
22 October 2019


Legal Entity Identifier (LEI): 549300DN623WEGE2MY04



22 October 2019


Revised Management Fee Arrangements


The Board of Aberdeen Standard Equity Income Trust plc (the "Company") announces that it has reached agreement with its Manager, Aberdeen Standard Fund Managers Limited ("ASFML"), to revise the fees payable under the Investment Management Agreement. Under the revised agreement the management fee will be calculated on a net assets basis rather than a total assets basis and the threshold at which a lower fee rate will apply will be reduced from £250m to £175m.  Accordingly, with effect from 1 October 2019, the fees payable to ASFML will be calculated at a rate of 0.65% per annum of net assets up to £175 million and at a rate of 0.55% per annum of net assets above this level.




William Hemmings

Aberdeen Asset Management PLC

Company Secretary

1 George Street

Edinburgh EH2 2LL

Tel: 020 7463 6223


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 or visit