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Brooke strikes deal to cut Troy Income & Growth fees
by Sarah Miloudi on Oct 23, 2012 at 10:00
The current fee of 0.75% per annum will remain in force on net assets up to £175 million. After this point it will drop to 0.65%, with the change being back-dated to 1 October.
Despite the reduction in fee arrangement being backdated, Troy Income & Growth only has assets of £126 million, according to Numis data, so investors will not feel its impact immediately.
The trust currently trades at 56.1p per share and at a premium of 0.9%. AA-rated Brooke has returned for investors 42% growth in net asset value per ordinary share over the three years to the end of August, versus a rise of 27.3% in the FTSE All-Share Index.
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