KB Star REIT links management fee to market capitalization at 0.24% annually
Bitget2026/10/30 07:46- KB Star REIT amended KB Asset Management's base management fee agreement on Oct. 30, 2026, shifting to market capitalization-linked fees.
- From accounting period 10, fees are 0.24% annually of the previous month's average market capitalization, payable monthly, excluding VAT.
- Previously, annual fees were 0.18% of total share issuance proceeds, including debt-funded asset purchases.
- The amendment waives base management fees from May 21 through Oct. 29, 2026, with no late-payment damages payable.
- The change aims to align manager and shareholder interests by reducing management fees when the share price falls.
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