Gravis Clean Energy Income fund unveils new charging structure to boost income payments

Fund has paid investors 3.37p per share so far this year

Charges for the Gravis Clean Energy Income fund will now be taken from capital rather than income in a move to maximise the income distributable to investors.

In an announcement Gravis Advisory, which is a subsidiary of Gravis Capital Management and adviser to the VT Gravis Clean Energy Income fund, confirmed that the change in charging structure means  the dividend paid will no longer be subject to the equivalent of 20bps per quarter for the C share class or 17.5bps per quarter for the I share class. It said this will boost the annual income distributable by 0.8% for the C GBP Inc and 0.7% for the I GBP Inc share classes, effective from 1 October 2020. Gravis' Norris: Winners and losers in the pandemic-hit property world William MacLeod...