EJF Investments (EJFI); EJF Capital agrees to absorb 80% of the company’s recurring operating expens

Published on 13-11-2019 08:53:07
Author Sparks Team

The Board of EJF Investments has announced that with effect from 1 January 2020, EJF Capital has agreed to absorb 80% of the company’s recurring operating expenses, aside from management and incentive fees, until no earlier than 1 January 2021.

Earlier arrangement, which is due to expire no earlier than 1 January 2020, had EJF Capital through its ownership of EJF Investments Manager absorbing 90% of the recurring operating expenses of the company, aside from management and incentive fees.

Also, as announced on 13 June 2019, the commitment of the Investment Manager intending to absorb at least 75% of the company’s recurring operating expenses, aside from management and incentive fees, until no earlier than the date on which the unaudited NAV of the company reaches £300m, remains in place.

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