REG - CT Global Mgd - CMPI - Investment Management Fee

CT Global Managed Portfolio TrustAnnouncement

23/07/2025 07:00

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RNS Number : 1210S  CT Global Managed Portfolio - CMPI  23 July 2025

To:                   RNS

From:              CT Global Managed Portfolio Trust PLC (the
'Company')

Date:               23 July 2025

LEI:                  213800ZA6TW45NM9YY31

 

 

 

Investment Management Fee

The Board and Columbia Threadneedle Investment Business Limited (the
'Manager') have agreed a reduction in the investment management fee (the
'Fee') with effect from 1 September 2025. The Fee will be reduced to 0.60% per
annum of the net asset value of each portfolio of the Company (rather than
0.65% per annum of the total assets of each portfolio) and there will no
longer be any charge on any assets which are invested in other investment
vehicles managed by the Manager. In aggregate these changes will lead to an
annualised pro forma reduction in the Fee paid to the Manager of approximately
£135,000.

 

It is the Board's intention to use much of this saving to enhance the
marketing and promotion of the Company in the belief that the scale benefits
that may accrue to shareholders will, in time, more than cover the additional
investment.

 

Basing the Fee on net asset value rather than total assets better aligns the
interests of the Manager and shareholders, in essence by not charging on any
borrowings, and, while there are merits in the alignment of interests achieved
between the Manager and shareholders by a Fee based on market capitalisation,
the Company's Share Issuance and Buy-back Policy ensures this alignment is
effectively achieved.

 

 

 

For further information please contact:

 

Adam Norris, Columbia Threadneedle Investment Business
Limited            0131 573 8300

Paul Green, Columbia Threadneedle Investment Business
Limited              0131 573 8300

Sarah Gibbons-Cook, Quill
PR
07702 412680

 

 

 

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