Management Fee Arrangements

RNS Number : 5919I

Baillie Gifford Japan Trust PLC

01 September 2016

 

THE BAILLIE GIFFORD JAPAN TRUST PLC

New Management Fee Arrangement

The Board of The Baillie Gifford Japan Trust PLC (the "Company") announces that, with effect from 1 September 2016, the Company's annual management fee payable to its Investment Managers and Secretaries, Baillie Gifford & Co Limited, will be calculated at 0.95% on the first £50m of net assets, 0.65% on the next £200m of net assets and 0.55% on the remainder.  Previously, the Company's annual management fee was calculated at 0.95% on the first £50m of net assets and 0.65% on the remainder.  The fee will continue to be calculated and paid on a quarterly basis. As at 30 August 2016, the Company had net assets of approximately £422m.

Baillie Gifford & Co Limited

Company Secretaries

 1 September 2016

 

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