Baillie Gifford European Grw Ts PLC Amendment to Expense Allocation Policy (5790F)
10 Março 2020 - 6:15AM
UK Regulatory
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RNS Number : 5790F
Baillie Gifford European Grw Ts PLC
10 March 2020
Baillie Gifford European Growth Trust plc
Legal Entity Identifier: 213800QNN9EHZ4SC1R12
Amendment to Expense Allocation Policy
The Company announces that, following the change of investment
manager and completion of the tender offer, the Board has reviewed
the Company's policy on allocation of expenses. The revised
investment objective explicitly seeks to achieve capital growth and
it is, therefore, the Board's expectation that future returns from
the portfolio will comprise a relatively greater element of capital
than previously. Hence, the allocation policy will be amended to
80% to capital and 20% to revenue to replace the current policy of
two-thirds to capital and one-third to revenue. This change will
take effect from 1 April 2020.
Baillie Gifford & Co Limited
10 March 2020
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