Change to Management Fee

RNS Number : 0262P

Templeton Emerging Markets IT PLC

04 June 2020

 

4 June 2020

Templeton Emerging Markets Investment Trust PLC ("TEMIT")

Legal Entity Identifier: 5493002NMTB70RZBXO96

Changes of Management Fees

The Board of TEMIT is pleased to announce that, following a review, the management fee arrangements with Franklin Templeton will change.

The current annual management fee is 1% of net assets up to £1 billion and 0.85% of net assets above that level. With effect from 1 July 2020, the fee rate will remain at 1% of net assets up to £1 billion but will be reduced to 0.80% of net assets above that level .

The Chairman, Paul Manduca, commented:

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

For further information please e-mail [e-mail] or contact Client Dealer Services at Franklin Templeton on free phone [phone] for overseas investor, or e-mail [e-mail].

 

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