TRIG reverses plan to introduce transaction and takeover fee

Reduction of 28%

The Renewables Infrastructure Group (TRIG) trust has reversed its previous proposal to introduce a transaction and takeover fee, which in turn will see its annualised management fee reduced by 28%.

The move comes following "extensive consultation with a broad range of the company's shareholders", the trust said today (26 March) in a stock exchange notice.  Under TRIG's previous plan, it sought to introduce a transaction and takeover fee from 1 April 2025 based on the ‘Adjusted Portfolio Value', which, according to Iain Scouller, analyst at Stifel, "effectively reflected Gross Asset Value (GAV) at the TRIG company level".  Supermarket Income REIT overhauls management fee calculation However, the changed fee will be instead based on the net asset value (NAV) and be payable in c...