Edinburgh investment trust cuts fees as discount widens

In its annual financial report published today (28 May), EDIN explained the arrangement will be effective from 1 April 2024 and will take place as a fee scale.
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The trust will pay 0.45% of its market capitalisation on the first £500m annually, reducing to 0.4% for the next £500m and to 0.35% on the balance of the market capitalisation.
Previously, the trust paid 0.48% per annum up to £500m and 0.465% thereafter, noted Numis analysts Ash Nandi and Ewan Lovett-Turner.
EDIN said this will result in a pro-forma 11%…