Source - RNS
RNS Number : 4715J
ICG UCITS Funds (Ireland) Plc
09 September 2016
 

 

 

COMPANY ANNOUNCEMENT

 

 

 

For Immediate Release                                                                             09 September 2016

 

 

 

ICG UCITS Funds (Ireland) plc (the "Company")

ICG High Yield Fund (the "Fund")

 

 

 

The directors of the Company would like to announce the following changes to the Fund:

Dealing Day

Dealing in the Fund has changed from Monthly to Daily.

Depositary Fee & Expenses

The fees payable to the depositary have increased as follows:

Net Asset Value of the Fund (€)

Fee

0 - 200 million (inclusive)

Increased from 0.0125% to 0.0250%

200 - 400 million (inclusive)

0.0200%

400 million and over (inclusive)

Increased from 0.0075% to 0.01%

These fees are subject to a minimum fee of €2,500 per month and a minimum relationship fee of €30,000 per annum. This fee will be accrued and calculated monthly and payable monthly in arrears.

Administrator Fee & Expenses

 

The Administrator is entitled to receive a fee out of the net assets of the Fund, as detailed below subject to a minimum fee of €7,500 per month for the first year from the date of approval of the Fund by the Central Bank and a minimum fee of €10,000 month thereafter (the "Minimum Fee").This fee will be accrued and calculated on each Dealing Day and payable quarterly in arrears.

 

Enquiries:

 


Clare McIntyre

Contact:  +353 1 6197003

Phone:    

 

 

 

 

 

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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