JPMorgan Japan Small Cap G&I PLC MANAGEMENT FEE REDUCTION
22 Février 2024 - 3:35PM
RNS Regulatory News
RNS Number : 1587E
JPMorgan Japan Small Cap G&I PLC
22 February 2024
LONDON STOCK EXCHANGE
ANNOUNCEMENT
JPMORGAN JAPAN SMALL CAP GROWTH &
INCOME PLC
MANAGEMENT FEE
REDUCTION
Legal
Entity Identifier: 549300KP3CRHPQ4RF811
The Board of JPMorgan Japan Small Cap
Growth & Income plc (the 'Company') announces that, following a
review, it has reached agreement with JPMorgan Funds Limited, its
Manager, to amend the Company's investment management fee
arrangements.
With effect from 1st April 2024, the investment management fee will be charged
at the rate of 0.85% (currently 1%) per annum on the net asset
value of the Company's portfolio up to £150 million and at the rate
of 0.75% thereafter.
Based on the Company's average net
assets over the course of 2023, this would amount to an estimated
reduction in the management fee by nearly 12% while the proforma
Ongoing Charges Ratio would fall by 9.4% to 1.05% from 1st April
2024.
The fee will continue to be calculated
and paid monthly.
22nd February 2024
For further information, please
contact:
Divya Amin
For and on behalf of
JPMorgan Funds Limited - Company
Secretary
Telephone 0800 20 40 20 (or +44 1268
44 44 70)
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