Announcement
GENERAL: TEM: Amendment to Management Fee
08:30am
TEM
01/07/2022 08:30
GENERAL
NOT PRICE SENSITIVE
REL: 0830 HRS Templeton Emerging Markets Investment Trust Plc
GENERAL: TEM: Amendment to Management Fee
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.
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 CA:00394669 For:TEM Type:GENERAL Time:2022-07-01 08:30:35
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