Invesco Income Growth trims fees – Following constructive discussions with the company’s manager, Invesco Fund Managers Limited, Invesco Income Growth‘s board has announced the agreement of amendments to the existing fee arrangement became effective 1 October 2018.
- A reduction in the fee from 0.65% to 0.60% for the first GBP150 million of market capitalisation;
- A reduction in the fee from 0.55% to 0.50% for amounts over GBP150 million of market capitalisation.
Other terms relating to fees and notice remain unchanged.
Mr Twiss, the chairman commented “Shareholders in the Company have benefited from good long term outperformance of the UK stock market and consistent growth of the dividend over 21 years, reflected by the admission to the AIC Dividend Heroes listing in 2017. However, the Board is also mindful of the need for it to be competitive in the wider marketplace. We are therefore delighted to announce these changes which we believe will further help to ensure that the Company continues to be an attractive investment, particularly for investors seeking a growing source of income, derived from a portfolio of high quality companies listed on the UK stock market.”
IVI : Invesco Income Growth trims fees