JPMorgan European Smaller Trust : Change to investment management fee
March 16, 2020 at 07:29 am EDT
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JPMorgan European Smaller Co. - JESC
Change to investment management fee
Released 11:09 16-Mar-2020
RNS Number : 2729G
JPMorgan European Smaller Co.
16 March 2020
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
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JPMorgan European Smaller Companies Trust plc published this content on 16 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2020 11:26:13 UTC
JPMorgan European Discovery Trust plc is a United Kingdom-based investment trust company. The objective of the Company is to achieve capital growth from a portfolio of quoted smaller European companies, excluding the United Kingdom. The Company invests in equities for the long term. The Company invests in markets that operate Delivery Versus Payment (DVP) settlement. Its portfolio of investment includes industrials, information technology, communication services, utilities, financials, energy, consumer staples, healthcare, real estate and materials. The Company's portfolio includes investments across geographical areas, including France, Italy, Switzerland, Sweden, Netherlands, Belgium, Germany, Denmark, Finland, Spain, Norway and Austria. The Company's investment manager is JPMorgan Funds Limited (JPMF).
JPMORGAN EUROPEAN DISCOVERY TRUST PLC 
