Management Fee Change

JPMorgan Indian Invest Trust PLC

14 October 2024

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN INDIAN Investment Trust plc

MANAGEMENT FEE CHANGE

Legal Entity Identifier: 549300OHW8R1C2WBYK02

The Board of JPMorgan Indian 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 October 2024 the annual investment management fee, calculated as 0.75% on the first £300 million and 0.60% in excess of £300 million, will be charged on a market capitalisation basis instead of on a gross assets basis, as currently.

The Chairman, Jeremy Whitley, commented:

"We are pleased with the result of the constructive discussion we have had with the Manager. We believe that this change of fee basis will not only immediately be accretive to the Company in monetary terms but will also more closely align the interests of the Manager with those of our shareholders."

The fee will continue to be calculated and paid monthly.

14th October 2024

JPMorgan Funds Limited

Company Secretary

For further information, please contact:

Sachu Saji

JPMorgan Funds Limited

0800 20 40 20 (or [phone])

 

END