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 +44 1268 44 44 70)
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