Reduction in Management Fees
BAILLIE GIFFORD US GROWTH TRUST PLC (USA)
("The Company")
Legal Entity Identifier: 213800UMIOUWXZPKE539
Reduction in Management Fees
The Board of Baillie Gifford US Growth Trust plc announces that the Company's annual management fee payable to its Investment Managers and Secretaries, Baillie Gifford & Co Limited, has been reduced. With effect from 1 September 2021, the annual management fee on net assets in excess of £1 billion will be charged at a lower marginal rate of 0.50%.
The annual management fee is now as follows: 0.70% on the first £100 million of net assets, 0.55% on the next £900 million of net assets and 0.50% for net assets in excess of £1 billion. The fee will continue to be calculated and paid on a quarterly basis.
Baillie Gifford & Co Limited
Company Secretaries
20 September 2021
Regulated Information Classification: Additional regulated information required to be disclosed under applicable laws and regulations.
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