Management fee reduction

RNS Number : 8436B

JPMorgan Indian Invest Trust PLC

12 October 2020

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN INDIAN INVESTMENT TRUST PLC

MANAGEMENT FEE REDUCTION

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 February 2020, the annual investment management fee, currently 1% per annum on gross assets up to £300 million and 0.75% on gross assets over £300 million, will be charged at an annual rate as detailed below:

• 0.75% on the first £300 million of gross assets;

• 0.60% on gross assets in excess of £300 million.

The Chairman, Rosemary Morgan, commented:

"We are very pleased with the result of the constructive discussion with the Manager. This reduction in management fees reflects a general trend across the market. It will reduce ongoing charges and should make the Company more attractive for investors."

The fee will continue to be calculated and paid monthly.

12th October 2020  

For further information, please contact:

Jonathan Latter

JPMorgan Funds Ltd

020 7742 4000

 

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