Shareholders Rights Directive II

Cost provisions for Corporate Actions and Proxy Notification of General Meetings, associated with the Shareholder Rights Directive II

Pursuant to the transparency of cost provision set out in Article 3d of the Directive (EU) 2017/828 of the European Parliament and of the Council of 17 May 2017 amending Directive 2007/36/EC as regards the encouragement of long-term shareholder engagement as transposed into local law by one or more member states in the European Union (the “Directive”) and subject further to any applicable local law in each such member states (with respect to each such applicable member state, the Directive and any applicable local law shall hereinafter collectively be referred to as the “Applicable Law”), the following are the fees that Brown Brothers Harriman (“BBH”) currently, as of September 3, 2020, charges with respect to proxy voting, corporate action related services and shareholder identification requests. This disclosure corresponds to BBH acting in the capacity of an “intermediary” as defined in the Directive.

All fees are expressed in US dollars, unless otherwise stated.

Proxy Voting

Notifications for shareholder meetings where proxy voting services are used are charged as below:

Proxy Notification
$50.00
Proxy Vote
$50.00

Corporate Actions

There are currently no fees charged for the delivery of corporate action information or for the processing of corporate actions. To the extent there are associated movements of cash and securities in relation to a corporate action, the applicable transaction charges set forth in clients’ fees schedules agreed with BBH will apply.

Shareholder Disclosure Requests

Where BBH is required under applicable law to respond to a shareholder disclosure request, the following charge applies per response:

Shareholder Disclosure
$15.00

Shareholder Disclosure Forwards

Where BBH is required under applicable law to forward a shareholder identification request to the next intermediary in the chain of custody, the following charge applies per forward:

Shareholder Disclosure Forwards
$10.00

Additional Notes

Fees listed above represent current standard fees that may be applicable in addition to global custody safekeeping and transactions fees. Individual client agreements may differ based on actual services offered and applied.

Non-standard servicing offerings or value-added service offerings may result in differences in fees, such as but not limited to, the holding of securities in an investor CSD, corporate trust and clearing services, or the combination of custody and collateral management service offerings.

BBH will pass through to clients any out-of-pocket expenses including (but not limited to) local market proxy voting costs, postage, courier expenses, registration fees and costs associated with physical attendance at meetings.
This disclosure is made on behalf of Brown Brothers Harriman & Co. and to the extent applicable, any of its affiliates through which global custody services are contracted.

All fees disclosed in this document may be subject to change going forward.

All fees disclosed in this document are exclusive of VAT or other relevant sales taxes.

Brown Brothers Harriman & Co. (“BBH”) may be used as a generic term to reference the company as a whole and/or its various subsidiaries generally. This material and any products or services may be issued or provided in multiple jurisdictions by duly authorized and regulated subsidiaries. This material is for general information and reference purposes only and does not constitute legal, tax or investment advice and is not intended as an offer to sell, or a solicitation to buy securities, services or investment products. Any reference to tax matters is not intended to be used, and may not be used, for purposes of avoiding penalties under the U.S. Internal Revenue Code, or other applicable tax regimes, or for promotion, marketing or recommendation to third parties. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed, and reliance should not be placed on the information presented. This material may not be reproduced, copied or transmitted, or any of the content disclosed to third parties, without the permission of BBH. Pursuant to information regarding the provision of applicable services or products by BBH, please note the following: Brown Brothers Harriman Fund Administration Services (Ireland) Limited and Brown Brothers Harriman Trustee Services (Ireland) Limited are regulated by the Central Bank of Ireland, Brown Brothers Harriman Investor Services Limited is authorised and regulated by the Financial Conduct Authority, Brown Brothers Harriman (Luxembourg) S.C.A. is regulated by the Commission de Surveillance du Secteur Financier. All trademarks and service marks included are the property of BBH or their respective owners. © Brown Brothers Harriman & Co. 2020. All rights reserved. IS-06505-2020-08-25 1315_20

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You are required to read the following important information, which, in conjunction with the Terms and Conditions, governs your use of this website. Your use of this website and its contents constitute your acceptance of this information and those Terms and Conditions. If you do not agree with this information and the Terms and Conditions, you should immediately cease use of this website. The contents of this website have not been prepared for the benefit of investors outside of the United States. This website is not intended as a solicitation of the purchase or sale of any security or other financial instrument or any investment management services for any investor who resides in a jurisdiction other than the United States1. As a general matter, Brown Brothers Harriman & Co. and its subsidiaries (“BBH”) is not licensed or registered to solicit prospective investors and offer investment advisory services in jurisdictions outside of the United States. The information on this website is not intended to be distributed to, directed at or used by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Persons in respect of whom such prohibitions apply must not access the website.  Under certain circumstances, BBH may provide services to investors located outside of the United States in accordance with applicable law. The conditions under which such services may be provided will be analyzed on a case-by-case basis by BBH. BBH will only accept investors from such jurisdictions or countries where it has made a determination that such an arrangement or relationship is permissible under the laws of that jurisdiction or country. The existence of this website is not intended to be a substitute for the type of analysis described above and is not intended as a solicitation of or recommendation to any prospective investor, including those located outside of the United States. Certain BBH products or services may not be available in certain jurisdictions. By choosing to access this website from any location other than the United States, you accept full responsibility for compliance with all local laws. The website contains content that has been obtained from sources that BBH believes to be reliable as of the date presented; however, BBH cannot guarantee the accuracy of such content, assure its completeness, or warrant that such information will not be changed. The content contained herein is current as of the date of issuance and is subject to change without notice. The website’s content does not constitute investment advice and should not be used as the basis for any investment decision. There is no guarantee that any investment objectives, expectations, targets described in this website or the  performance or profitability of any investment will be achieved. You understand that investing in securities and other financial instruments involves risks that may affect the value of the securities and may result in losses, including the potential loss of the principal invested, and you assume and are able to bear all such risks.  In no event shall BBH or any other affiliated party be liable for any direct, incidental, special, consequential, indirect, lost profits, loss of business or data, or punitive damages arising out of your use of this website. By clicking accept, you confirm that you accept  to the above Important Information along with Terms and Conditions.

 
1BBH sponsors UCITS Funds registered in Luxembourg, in certain jurisdictions. For information on those funds, please see bbhluxembourgfunds.com



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