Castle Focus Fund adviser agrees to cut fee percentage for one year

By Susanna Moon

Chicago, Sept. 22 - Castle Focus Fund's adviser has contractually agreed to waive service agreement fees by 0.16% of its average daily net assets through Oct. 31, 2012, effective Nov. 1, according to a 497 filing with the Securities and Exchange Commission.

Under the services agreement the adviser receives an additional fee of 0.58% and is obligated to pay the operating expenses of the fund excluding management fees, brokerage fees and commissions, 12b-1 fees, taxes, borrowing costs (such as (a) interest and (b) dividend expenses on securities sold short), the cost of acquired funds and extraordinary expenses.

The services agreement fee waiver will automatically end Oct. 31, 2012 unless it is renewed by the adviser. The adviser may not terminate the fee waiver before Oct. 31, 2012.

Castle Investment Management is based in Broadview Heights, Ohio.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.