Aberdeen Emerging Markets Investment Co has announced a change to its management fee and the introduction of a revised dividend policy.

It said these measures were being implemented by the board in recognition of current trends within the sector and to enhance and broaden the appeal of the company to investors.

The company's current management fee is charged at an annualised rate of 1.0% of adjusted market capitalisation, reduced by the proportion of the company's net assets invested in funds which are managed by Aberdeen Asset Management.

With effect from 1 November (the start of the company's next financial year) the annual management fee will decrease to an annualised rate of 0.8% of net assets, reduced in the same manner for any investments in Aberdeen funds.

The company also said that the board intended to start making distributions by way of dividends to be funded from a combination of income and capital.

It said: "A first interim dividend in respect of the year ending 31 October 2017 will be declared in August 2017 and a further dividend in respect of the year will be declared after the year end.

"In future years, dividends will be paid on a quarterly basis.

"It is anticipated that the total dividend paid to shareholders in the next full financial year will be no less than 20 pence per share.

"The Board is mindful of the desirability to investors of growth in the absolute level of the dividend over time."


At 9:28am: (LON:AEMC) Aberdeen Emerging Markets Investment Company Limited share price was +0.5p at 587.5p