REG - TempletonEmerg.Mkt. - Amendment to Management Fee

Templeton Emerging Markets Investment TrustAnnouncement

30/06/2022 12:15

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RNS Number : 8510Q  Templeton Emerging Markets IT PLC  30 June 2022

30 June 2022

 

 

Templeton Emerging Markets Investment Trust PLC ("TEMIT")

Legal Entity Identifier: 5493002NMTB70RZBXO96

Amendment to Management Fee

 

The Board of TEMIT is pleased to confirm that, as set out in TEMIT's half year
report for the period to 30 September 2021 issued on 24 November 2021, the
management fee arrangements with Franklin Templeton Investment Trust
Management Limited will change.

The current annual management fee is 1% of net assets up to £1 billion and
0.80% of net assets above that level. With effect from 1 July 2022, the fee
rate will remain at 1% of net assets up to £1 billion but will be reduced to
0.75% of net assets above £1 billion and up to £2 billion and 0.5% above £2
billion.

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 temitcosec@franklintempleton.com  or
contact Client Dealer Services at Franklin Templeton on free phone 0800 305
306, +44 (0) 20 7073 8690 for overseas investors, or e-mail
enquiries@franklintempleton.co.uk.

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