Management Fee Arrangements

RNS Number : 0355A

Baillie Gifford Japan Trust PLC

14 March 2013

 



THE BAILLIE GIFFORD JAPAN TRUST PLC

Reduction in Management Fees

The Board of The Baillie Gifford Japan Trust PLC announces that, with effect 1 April 2013, the Company's annual management fee payable to its Investment Managers and Secretaries, Baillie Gifford & Co, will be reduced.  The current annual management fee is a flat rate of 1% of net assets.  The new rate will be 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.

Baillie Gifford & Co

Company Secretaries

14 March 2013

 

END

 

 

MSCDMGMFFDLGFZM