Source - PRN

FINSBURY GROWTH & INCOME TRUST PLC

AMENDMENTS TO ALTERNATIVE INVESTMENT FUND MANAGEMENT AGREEMENT AND PORTFOLIO MANAGEMENT AGREEMENT

11 October 2016

The Board of Finsbury Growth & Income Trust PLC (‘the Company’) is pleased to announce the following amendments to the fee arrangements with the Company’s Alternative Investment Fund Manager (Frostrow Capital LLP) and the Company’s Portfolio Manager (Lindsell Train Limited).

With effect from 11 October 2016 the following fee arrangements with Frostrow Capital LLP and Lindsell Train Limited have been agreed:

Frostrow Capital LLP will receive an annual fee of 0.15% of the Company’s adjusted market capitalisation up to a value of £1 billion, such fee to reduce to 0.135% per annum of the amount of the Company’s adjusted market capitalisation in excess of £1billion. The fixed fee of £70,000 per annum payable to Frostrow Capital LLP will cease to be payable with effect from 1st October following the date at which the Company’s adjusted market capitalisation attains a level of £1 billion.

Lindsell Train Limited will receive an annual fee of 0.45% of the Company’s adjusted market capitalisation up to a value of £1billion, such fee to reduce to 0.405% per annum of the amount of the Company’s adjusted market capitalisation in excess of £1billion.

The Company’s adjusted market capitalisation at the close of business on 10 October 2016 was £952m.

  • ENDS -

Enquiries

Alastair Smith, Managing Partner

Frostrow Capital LLP

Tel: 0203 008 4911

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