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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.

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