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

Reuters2026/08/12 11:00

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Mercia Fund Management will cut Northern 2 VCT’s annual management fee to 2% of NAV from Oct. 1, 2026.
Fee terms shift on cash: 2% applies up to GBP 30 million; balances above that rise to 1.75%.
Management fee calculation moves to a quarterly basis from a half-yearly schedule.
Mercia will stop charging initial management fees to new portfolio companies from Oct. 1, 2026.
Charges on follow-on capital 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 2 VCT plc published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608120700HUGIN___UKPR_REG_GNW1001257228-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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Mercia Fund Management cuts Northern 2 VCT annual fee to 2% of NAV from Oct. 1

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