Mercia Fund Management cuts Northern 3 VCT annual fee to 2% of NAV from Oct. 1

Reuters2026/08/12 11:01

By:Reuters

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Mercia Fund Management will cut Northern 3 VCT’s base annual management fee to 2% of NAV from Oct. 1, 2026.
Fee terms on cash shift: 2% applies up to GBP 30 million; cash above GBP 30 million rises to 1.75%.
Management fee calculation moves to quarterly from half-yearly, changing timing of fee accrual and billing.
Mercia will stop charging initial management fees to new portfolio companies from Oct. 1, 2026.
Follow-on fees for existing portfolio companies can continue until Oct. 1, 2029.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Northern 3 VCT plc published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608120700OMX_____CNEWS_EN_GNW1001257230_en) on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Mercia Fund Management cuts Northern 3 VCT annual fee to 2% of NAV from Oct. 1

You may also like

Crypto prices