Northern 3 VCT cuts Mercia annual management fee to 2% of NAV from Oct 1, 2026

Reuters2026/08/12 11:01

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Northern 3 VCT entered a deed of variation to amend its investment management agreement with Mercia, effective Oct. 1, 2026.
Annual management fee cut to 2% of NAV from 2.06%.
Fee on cash and cash equivalents raised to 1.75% from 1% for balances above GBP 30 million.
Fee calculation shifts to quarterly from half-yearly.
Mercia to stop charging initial management fees to new portfolio companies from Oct. 1, 2026; follow-on fees on existing holdings allowed 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: 202608120700HUGIN___UKPR_REG_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.

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Northern 3 VCT cuts Mercia annual management fee to 2% of NAV from Oct 1, 2026

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