AJA astro japan property group

asset manager fees... too much?

  1. 164 Posts.
    Just briefly went through the amendments to the Constitution, and have concerns if someone who has knowledge of this can shed.

    Page 15 of 85 - they inserted:
    "4.1(aa) - Maximum total fees to be paid to the Trustee and any ASset Manager in respect of any Year, is the amount equal to the sum of:
    (1) amount Trustee is required to recover its operating costs and;
    (2) 0.8% of the Adjusted Gross Asset Value at the end of the Year, being the maximum amount of fees payable to the Asset Manager."

    I am always nervous when additional clauses are put in dealing with fees, especially when they're in addition to what is already there.

    Need to re-evaluate further, and possibly this is going to be the driver of the SP in the short term.
 
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