Management Fee Reduction

RNS Number : 4172J

JPMorgan Mid Cap Invest Trust PLC

12 December 2022

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN MID CAP INVESTMENT TRUST PLC

(the 'Company')

MANAGEMENT FEE REDUCTION

Legal Entity Identifier: 549300QED7IGEP4UFN49

The Board of JPMorgan Mid Cap Investment Trust plc announces that, following a review, the Company's investment management fee arrangements with JPMorgan Funds Limited ('JPMF') will change.

With effect from 1st January 2023, the annual investment management fee, currently 0.65% per annum on total assets less current liabilities, excluding amounts held in a liquidity fund ('total assets'), up to £250 million and 0.60% on total assets over £250 million, will be charged at an annual rate as detailed below:

• 0.65% on the first £200 million of net assets;

• 0.55% on net assets in excess of £200 million.

The fee will continue to be calculated monthly and paid quarterly.

JPMorgan Funds Limited

Company Secretary

12th December 2022

For further information, please contact:

Alison Vincent

JPMorgan Funds Limited 

020 7742 4000

 

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