Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn
About

Company News Summary

Macquarie Atlas Roads Group Announces Management Base Fee Reduction Effective 1 October 2017

14 Sep 2017  |  08:57:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Management Base Fee Reduction Effective 1 October 2017

Macquarie Atlas Roads (MQA) advised that, in conjunction with announcement relating to the acquisition of an additional 4.86% indirect interest in APRR (the Acquisition), notification has been received from its manager/adviser, Macquarie Fund Advisers (MFA), of a revised base management fee arrangement waiver, replacing fee waivers notified previously, subject to completion of the Acquisition. Commencing 1 October 2017 and for subsequent quarters until further notice from MFA, the base management fees payable by the Company will be reduced to a flat 0.85% p.a. on its market capitalisation. This represents a reduction of 0.15% from the 1.00% annual fee currently payable on its market capitalization.

Please click here for full details

See more ASX300 News Announcements