Change of Management FeeSource: RNS
ABERDEEN STANDARD EQUITY INCOME TRUST PLC
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.
Aberdeen Asset Management PLC
1 George Street
Edinburgh EH2 2LL
Tel: 020 7463 6223
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