STEWSRH Total Return Fund, Inc.
Oct 7, 1:31 PM ET
SRH Total Return Fund proposes new adviser Paralel at lower 0.90% fee rate
The Board approved a new investment advisory agreement with Paralel Advisors LLC to replace ALPS Advisors, Inc., and a new administration agreement with Paralel Technologies LLC to replace ALPS Fund Services, Inc. The advisory agreements take effect only after shareholder approval, and the filing says the changes would lower the fees the fund pays. The filing text refers to the Boulder Growth & Income Fund, Inc., while the filer is listed as SRH Total Return Fund, Inc.
- Advisory fee would be 0.90% of the first $2 billion of average Managed Assets and 0.80% above that, versus 0.95% under the current agreement.
- Administration fee would be 0.09% of the first $2 billion of average Managed Assets, versus 0.10% currently; the new administration agreement is effective November 22, 2021.
- Sub-advisor Rocky Mountain Advisors, LLC stays in place; its sub-advisory fee would be 0.77% versus 0.8125% currently.
- Advisory agreements require approval at a special shareholder meeting; interim agreements run until the earlier of 150 days from November 22, 2021 or shareholder approval.