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BlackRock Greater Europe Investment Trust PLC - investment trust focused on small, mid and large-cap European companies - Says it has arranged a reduced management fee with Blackrock Investment Management UK Ltd. The fee is calculated on BGEIT’s net asset value. It is 0.65% of NAV up to and including £400 million, and 0.60% for NAV that exceeds £400 million up to and including £1 billion. For NAV above £1 billion, the fee is 0.525%. This revised fee will result in a blended annual management rate for financial 2025 of 0.634%, based on average net assets of £593.3 million at August 31. BGEIT say the new fee is implemented retrospectively from September 1 and expects the arrangement to reduce its ongoing charges ratio to around 0.775%, compared to 0.95% in financial 2025. Current share price: 608.00 pence, up 0.7% on Friday morning in London 12-month change: up 3.1% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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