SchroderJapan Growth Fund PLC Management fee (1371Q)
October 17 2019 - 2:00AM
UK Regulatory
TIDMSJG
RNS Number : 1371Q
SchroderJapan Growth Fund PLC
17 October 2019
17 October 2019
Management fee
Following its annual review of fees, the board of Schroder Japan
Growth Fund plc (the "Company") has agreed with Schroders that the
basis of the management fee charged to the Company will be changed
so that fees are now charged on net assets.
The current fee structure is 0.75% per annum on assets (net of
current liabilities other than short-term borrowings) up to and
including GBP200 million and 0.65% per annum thereafter. The fee
structure will remain unchanged, however, with effect from 1
November 2019, the fee will be charged on the value of net
assets.
This will result in a reduction of approximately 10% in
management fees, based on the current level of borrowings and
NAV.
Enquiries:
Benjamin Hanley
Schroder Investment Management Limited Tel: 020 7658 3847
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END
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