Amendment to Management Fee

RNS Number : 8510Q
Templeton Emerging Markets IT PLC
30 June 2022
 

30 June 2022

 

 

Templeton Emerging Markets Investment Trust PLC ("TEMIT")

Legal Entity Identifier: 5493002NMTB70RZBXO96

Amendment to Management Fee

 

The Board of TEMIT is pleased to confirm that, as set out in TEMIT's half year report for the period to 30 September 2021 issued on 24 November 2021, the management fee arrangements with Franklin Templeton Investment Trust Management Limited will change.

The current annual management fee is 1% of net assets up to £1 billion and 0.80% of net assets above that level. With effect from 1 July 2022, the fee rate will remain at 1% of net assets up to £1 billion but will be reduced to 0.75% of net assets above £1 billion and up to £2 billion and 0.5% above £2 billion .

The Chairman, Paul Manduca, commented:

"This reduction in management fee ensures that the fee arrangements remain competitive, provides a saving for our existing shareholders and should make TEMIT more attractive for investors".

 

For further information please e-mail temitcosec@franklintempleton.com  or contact Client Dealer Services at Franklin Templeton on free phone 0800 305 306, +44 (0) 20 7073 8690 for overseas investors, or e-mail enquiries@franklintempleton.co.uk .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCBBGDLIGXDGDG
UK 100

Latest directors dealings