Change to Investment Management Fee Arrangements

RNS Number : 5411L

JPMorgan US Smaller Co. IT

13 September 2021

 

STOCK EXCHANGE ANNOUNCEMENT

 

JPMORGAN US SMALLER COMPANIES INVESTMENT TRUST PLC

CHANGE TO INVESTMENT MANAGEMENT FEE ARRANGEMENTS

Legal Entity Identifier: 549300MDD7SOXDMBN667

13th September 2021

The Board of JPMorgan US Smaller Companies 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 January 2022, the annual investment management fee, currently 90bps on the first £100 million of gross assets (excluding any holding in the JPM Liquidity Fund) and 75bps on gross assets in excess of £100 million of assets (excluding any holding in the JPM Liquidity Fund) will change to the following:

· A basic management fee of 70 bps per annum on all gross assets.

· The definition of assets and the exclusions on investments in J.P. Morgan managed funds will remain unchanged from the current arrangements and the fee will continue to be calculated and paid monthly in arrears.

For further information, please contact:

Neil Martin / Lucy Dina

For and on behalf of

JPMorgan Funds Limited - Company Secretary

020 7742 4000

 

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