CornerCap Balanced, Small-Cap and Large/Mid-Cap funds get reduced fees

By Toni Weeks

San Diego, Nov. 1 - CornerCap Group of Funds said it will enter into an expense limitation agreement with CornerCap Investment Counsel, Inc., the company's investment adviser for its CornerCap Balanced Fund, CornerCap Small-Cap Value Fund and CornerCap Large/Mid-Cap Value Fund.

The agreement, which was effective Oct. 1, reduces the funds' fees to 1.1% for the Balanced Fund, 1.3% for the Small-Cap Value Fund and 1.2% for the Large/Mid-Cap Value Fund.

Denver-based CornerCap Investment Counsel will waive fees and reimburse the funds for total annual fund operating expenses that exceed these levels through Aug. 1, 2012.

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