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Brown Advisory US Smaller Companies PLC GBP ( (GB:BASC) ) has issued an announcement.
Brown Advisory US Smaller Companies PLC has announced a reduction in its management fee and the introduction of a Conditional Tender Offer after an internal review. The revised fee structure, effective from January 1, 2025, aims to lower costs for shareholders by aligning the fee calculation with the lower of the company’s market capitalization and net asset value (NAV). This change is intended to ensure better alignment between the portfolio manager and investors. Additionally, the Conditional Tender Offer will provide shareholders with an opportunity to realize their investments at close to NAV, should the company’s performance not outperform its benchmark over a specified period. This move is aimed at offering shareholders flexibility and ensuring that the company remains competitive and attractive to investors.
More about Brown Advisory US Smaller Companies PLC GBP
Brown Advisory US Smaller Companies PLC operates in the investment management industry, focusing on US smaller and medium-sized companies. The company aims to offer exposure to high-potential businesses within the diverse and attractively valued smaller and mid-cap sectors of the US market.
YTD Price Performance: 5.71%
Average Trading Volume: 26,611
Technical Sentiment Consensus Rating: Strong Sell
For detailed information about BASC stock, go to TipRanks’ Stock Analysis page.
