Change in Management Fee

RNS Number : 8795M
JPMorgan European Smaller Co.
21 July 2014
 

LONDON STOCK EXCHANGE ANNOUNCEMENT

 

JPMORGAN EUROPEAN SMALLER COMPANIES TRUST PLC

 

CHANGE IN MANAGEMENT FEE

 

 

Following a review of the management fee arrangements for JPMorgan European Smaller Companies Trust plc, the Board announces that, with effect from the start of the Company's next financial year on 1st April 2015, the base fee will be 1%, calculated by reference to the net asset value of the Company's shares. 

Fees payable to JPMorgan were last reviewed in 2004 when the management fee was changed from 1% on gross assets to the current arrangement of 1.3% on market capitalisation.

 

21st July 2014

 

For further information, please contact:

 

 

Rebecca Burtonwood

JPMorgan Funds Limited - Company Secretary

Telephone 0207 742 4000

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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