12 Dec 2022 15:00
LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMORGAN MID CAP INVESTMENT TRUST PLC
(the 'Company')
MANAGEMENT FEE REDUCTION
Legal Entity Identifier: 549300QED7IGEP4UFN49
The Board of JPMorgan Mid Cap 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 2023, the annual investment management fee, currently 0.65% per annum on total assets less current liabilities, excluding amounts held in a liquidity fund ('total assets'), up to £250 million and 0.60% on total assets over £250 million, will be charged at an annual rate as detailed below:
• 0.65% on the first £200 million of net assets;
• 0.55% on net assets in excess of £200 million.
The fee will continue to be calculated monthly and paid quarterly.
JPMorgan Funds Limited
Company Secretary
12th December 2022
For further information, please contact:
Alison Vincent
JPMorgan Funds Limited
020 7742 4000