Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJMI.L Regulatory News (JMI)

  • There is currently no data for JMI

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Change to Investment Management Fee Arrangements

29 Jul 2019 10:59

RNS Number : 0437H
JPMorgan Smaller Cos IT PLC
29 July 2019
 

STOCK EXCHANGE ANNOUNCEMENT

 

JPMORGAN SMALLER COMPANIES INVESTMENT TRUST PLC

 

CHANGE TO INVESTMENT MANAGEMENT FEE ARRANGEMENTS

 

 

Legal Entity Identifier: 549300PXALXKUMU9JM18

 

 

29th July 2019

 

 

The Board of JPMorgan 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 August 2019, the annual investment management fee, currently 80bps per annum on gross assets up to £200 million and 70bps on gross assets over £200 million, will be charged at an annual rate as detailed below:

 

·; 75bps on the first £200 million of gross assets;

 

·; 65bps on gross assets in excess of £200 million.

 

The Chairman, Michael Quicke, commented:

 

"This reduction in management fees reflects a general trend across the market and follows constructive discussions with the Manager. Other than when required for succession purposes, the Board has also decided to have four rather than five directors following my retirement at the AGM this year. These changes will reduce ongoing charges and should make the Company more attractive for investors."

 

 

For further information, please contact:

 

Lucy Dina

For and on behalf of

JPMorgan Funds Limited - Company Secretary

020 7742 4000

 

 

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.
 
END
 
 
MSCPGUMAMUPBUBB
Date   Source Headline
4th Oct 202111:22 amRNSNet Asset Value(s)
1st Oct 202110:56 amRNSNet Asset Value(s)
30th Sep 202110:54 amRNSNet Asset Value(s)
29th Sep 202110:46 amRNSNet Asset Value(s)
28th Sep 202110:37 amRNSNet Asset Value(s)
27th Sep 20211:20 pmRNSGearing Announcement
27th Sep 202111:45 amRNSNet Asset Value(s)
24th Sep 202111:09 amRNSNet Asset Value(s)
23rd Sep 202110:52 amRNSNet Asset Value(s)
22nd Sep 202111:25 amRNSNet Asset Value(s)
21st Sep 202111:21 amRNSNet Asset Value(s)
21st Sep 202110:22 amRNSChange of Name
20th Sep 202111:08 amRNSGearing Announcement
20th Sep 202110:30 amRNSNet Asset Value(s)
17th Sep 202111:02 amRNSNet Asset Value(s)
17th Sep 202110:28 amRNSAppointment of Corporate Broker
16th Sep 202110:48 amRNSNet Asset Value(s)
15th Sep 202110:34 amRNSNet Asset Value(s)
14th Sep 202110:55 amRNSNet Asset Value(s)
13th Sep 202111:15 amRNSGearing Announcement
13th Sep 202110:28 amRNSNet Asset Value(s)
13th Sep 202110:20 amRNSTen Largest Investments
10th Sep 202112:03 pmRNSNet Asset Value(s)
9th Sep 202111:25 amRNSNet Asset Value(s)
8th Sep 202111:09 amRNSNet Asset Value(s)
7th Sep 202111:07 amRNSNet Asset Value(s)
3rd Sep 202110:57 amRNSNet Asset Value(s)
2nd Sep 202110:54 amRNSNet Asset Value(s)
1st Sep 202112:12 pmRNSNet Asset Value(s)
31st Aug 202112:13 pmRNSGearing Announcement
31st Aug 202111:42 amRNSNet Asset Value(s)
27th Aug 202110:57 amRNSNet Asset Value(s)
26th Aug 202111:01 amRNSNet Asset Value(s)
25th Aug 202111:09 amRNSNet Asset Value(s)
24th Aug 202110:19 amRNSNet Asset Value(s)
23rd Aug 202110:58 amRNSGearing Announcement
23rd Aug 202110:53 amRNSNet Asset Value(s)
20th Aug 202111:06 amRNSNet Asset Value(s)
19th Aug 202110:41 amRNSNet Asset Value(s)
18th Aug 202110:46 amRNSNet Asset Value(s)
17th Aug 202110:46 amRNSNet Asset Value(s)
16th Aug 202111:07 amRNSGearing Announcement
16th Aug 202110:32 amRNSNet Asset Value(s)
13th Aug 202110:31 amRNSNet Asset Value(s)
13th Aug 202110:25 amRNSTen Largest Investments
12th Aug 202110:57 amRNSNet Asset Value(s)
11th Aug 202110:11 amRNSNet Asset Value(s)
10th Aug 202111:24 amRNSNet Asset Value(s)
9th Aug 202112:05 pmRNSGearing Announcement
9th Aug 202110:53 amRNSNet Asset Value(s)

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.