skip to content

Other

Custodian REIT renews IMA but on amended terms

02 June 2017 07:58

Custodian REIT has renewed its investment management agreement with its external discretionary fund manager, Custodian Capital Limited, a subsidiary of Mattioli Woods, but on amended terms.

It said that in light of the positive performance of the company since admission to trading on the London Stock Exchange in 2014, the board had agreed a further three-year term with 12 months' notice to the investment manager's ongoing engagement, from 1 June 2017, but fees had been amended to include:

- A step down in the property management fee from 0.75% to 0.65% of net asset value applied to NAV in excess of £500m

- A step down in the administrative fee from 0.125% to 0.08% of NAV applied to NAV between £200m and £500m and a further step down to 0.05% of NAV applied to NAV in excess of £500m All other key terms of the IMA remain unchanged.

Story provided by StockMarketWire.com

Related Company: CREI

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.