TIDMAEI

RNS Number : 7945S

abrdn Equity Income Trust plc

08 November 2023

ABRDN EQUITY INCOME TRUST PLC

Legal Entity Identifier (LEI): 21380015XPT7BZISSQ74

8 November 2023

Amendment to Management Fee

The Board of abrdn Equity Income Trust plc ("the Company") is pleased to announce that it has negotiated a change to the terms of the management fee payable by the Company to the Manager.

With effect from 1 October 2023, the Company's management fee will be charged at a flat fee of 0.55 per cent. per annum of the Company's Net Asset Value ("NAV").

Prior to 1 October 2023, the Company's management fee was charged at a rate of 0.65 per cent. per annum of the Company's NAV up to GBP175 million and at a rate of 0.55 per cent. per annum of the Company's NAV above GBP175 million.

Based on the net assets of the Company as at 6 November 2023 of GBP142.7 million, the change will amount to a 15.4% reduction in the fee payable as compared to the existing fee arrangement.

Save for this change, all other terms and conditions contained in the Company's Management Agreement dated 4 July 2014 (as amended and novated) remain unchanged.

Paul Evitt

abrdn Holdings Limited

Company Secretary

Tel: 0131 372 2200

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCGCBDBRXGDGXI

(END) Dow Jones Newswires

November 08, 2023 04:42 ET (09:42 GMT)

Abrdn Equity Income (LSE:AEI)
Gráfico Histórico do Ativo
De Dez 2024 até Jan 2025 Click aqui para mais gráficos Abrdn Equity Income.
Abrdn Equity Income (LSE:AEI)
Gráfico Histórico do Ativo
De Jan 2024 até Jan 2025 Click aqui para mais gráficos Abrdn Equity Income.