Change to Management Fee
Source: RNS4 June 2020
Templeton Emerging Markets Investment Trust PLC ("TEMIT")
Legal Entity Identifier: 5493002NMTB70RZBXO96
Changes of Management Fees
The Board of TEMIT is pleased to announce that, following a review, the management fee arrangements with Franklin Templeton will change.
The current annual management fee is 1% of net assets up to £1 billion and 0.85% of net assets above that level. With effect from 1 July 2020, the fee rate will remain at 1% of net assets up to £1 billion but will be reduced to 0.80% of net assets above that level.
The Chairman, Paul Manduca, commented:
"This reduction in management fee ensures that the fee arrangements remain competitive, provides a saving for our existing shareholders and should make TEMIT more attractive for investors".
For further information please e-mail CompanySecretarialEdinburgh@franklintempleton.com or contact Client Dealer Services at Franklin Templeton on free phone 0800 305 306, +44 (0) 20 7073 8690 for overseas investor, or e-mail enquiries@franklintempleton.co.uk.
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