Management fee change

RNS Number : 2957V

JPMorgan Claverhouse IT PLC

02 December 2019

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN CLAVERHOUSE INVESTMENT TRUST PLC

CHANGE TO INVESTMENT MANAGEMENT FEE ARRANGEMENTS

Legal Entity Identifier: 549300NFZYYFSCD52W53

The Board of JPMorgan Claverhouse Investment Trust plc is pleased to announce that, following a review, the Company's investment management fee arrangements with JPMorgan Funds Limited ('JPMF') will change.

With effect from 1st January, 2020 the annual management fee, currently 0.60% per annum on net assets up to £500 million and 0.50% on net assets over £500 million, will be charged at an amended annual rate of:

-     0.55% on the first £400 million of net assets

-     0.40% on net assets in excess of £400 million.

The Chairman, Andrew Sutch, commented:

"This reduction in management fee ensures that the Company's fee arrangements remain competitive, provides a saving for our existing shareholders and should make the Company more attractive for investors."

2nd December 2019

For further information, please contact:

Faith Pengelly

For and on behalf of

JPMorgan Funds Limited - Secretary

020 7742 4000

Nathan Brown

Numis Securities Limited - Broker

020 7260 1000

 

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