16 Mar 2020 11:09
LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMORGAN EUROPEAN SMALLER COMPANIES TRUST PLC
CHANGE TO INVESTMENT MANAGEMENT FEE ARRANGEMENTS
Legal Entity Identifier: 54930049CEWDI46Y3U28
The Board of JPMorgan European Smaller Companies Trust plc is pleased to announce that, following a review, the Company's investment management fee arrangements with JPMorgan Funds Limited ('JPMF') will change.With effect from 1st April, 2020 the annual management fee, currently 1.0% per annum on net assets up to £400 million and 0.85% on net assets over £400 million, will be charged at an amended annual rate of 0.85% of net assets.
The Chairman, Marc van Gelder, commented:
"This reduction in management fee ensures that the Company's fee arrangements remain competitive, provides a saving for our existing shareholders and should make the Company more attractive for investors."
16th March 2020
For further information, please contact:
Faith Pengelly
For and on behalf of
JPMorgan Funds Limited - Secretary
020 7742 4000
Rob Naylor
Cenkos Securities Limited - Broker
020 7397 1922