Changes to Management Fee Arrangements

RNS Announcement

RNS Number : 1777A

Lowland Investment Co PLC

25 September 2020

HENDERSON INVESTMENT FUNDS LIMITED

LOWLAND INVESTMENT COMPANY PLC

LEGAL ENTITY IDENTIFIER: 2138008RHG5363FEHV19

25 September 2020

LOWLAND INVESTMENT COMPANY PLC

Changes to Management Fee Arrangements

The Board has agreed the following changes to the Management Agreement with effect from 1 October 2020:

· the performance fee has been removed.

· the level at which the management fee drops from 0.50% to 0.4% of Net Charargeable Assets has been reduced from £375 million to £325 million;

All other terms remain the same.

For further information please contact:

James Henderson or Laura Foll

Fund Managers

Lowland Investment Company plc

Telephone: 020 7818 4370 or 020 7818 6364

James de Sausmarez

Director and Head of Investment Trusts

Janus Henderson Investors

Telephone: 020 7818 3349

Laura Thomas

Investment Trust PR Manager

Janus Henderson Investors

Telephone: 020 7818 2636

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RNS metadata

Title: Changes to Management Fee Arrangements
Time: 12:46:26
Date: 25 Sept 2020
Category: Miscellaneous
ID: 1777A