Reduction in Management Fees

RNS Number : 6733K

Baillie Gifford Japan Trust PLC

17 December 2018

 

BAILLIE GIFFORD JAPAN TRUST PLC

("The Company")

Legal Entity Identifier: 54930037AGTKN765Y741

Reduction in Management Fees

The Board of The Baillie Gifford Japan Trust PLC announces that the Company's annual management fee payable to its Investment Managers and Secretaries, Baillie Gifford & Co Limited, will be reduced. With effect from 1 January 2019 the opening tier of 0.95% on the first £50m of net assets is being reduced to 0.75%. Thereafter, the annual management fee will be as follows: 0.75% on the first £50m of net assets, 0.65% on the next £200m of net assets and 0.55% for net assets in excess of £250m. The fee will continue to be calculated and paid on a quarterly basis.

Baillie Gifford & Co Limited

Company Secretaries

17 December 2018

Regulated Information Classification: Additional regulated information required to be disclosed under the laws of a Member State of the EU.

 

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