Reduction in Investment Management Fee
LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMORGAN RUSSIAN SECURITIES PLC
MANAGEMENT FEE REDUCTION
Legal Entity Identifier: 549300II3MHI98ZLVH37
The Board of JPMorgan Russian Securities plc announces that, following a review, the Company's investment management fee arrangements with JPMorgan Funds Limited ('JPMF') will change.
With effect from 1st November 2021, the annual investment management fee will be charged at a rate of 0.9% (previously 1.0%) on the net asset value of the Company's portfolio.
The Chairman, Gill Nott, 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.
22nd June 2021
For further information, please contact:
Paul Winship
For and on behalf of
JPMorgan Funds Limited - Secretary
020 7742 4000
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