August 12, 2015 Mr. Edmund J. Burke, Chairman Financial Investors Trust
Exhibit (h)(99)
August 12, 2015
Xx. Xxxxxx X. Xxxxx, Chairman
0000 Xxxxxxxx, Xxxxx 0000
Denver, CO 80203
| Re: | Seafarer Overseas Growth and Income Fund (the “Fund”), a Series of the Financial Investors Trust (the “Trust”) |
Dear Xx. Xxxxx:
This letter confirms the agreement of Seafarer Capital Partners, LLC (the “Adviser”) with the Trust to contractually limit the total amount of the “Management Fees” and “Other Expenses” that it is entitled to receive from the Fund.
To the extent the Total Annual Fund Operating Expenses (as defined in Item 3 of Form N-1A) of the Fund (exclusive of brokerage expenses, interest expense, taxes and extraordinary expenses), exceed 1.15% for Investor Class shares and 1.05% for Institutional Class shares, respectively, of the average daily net assets, the Adviser shall reimburse the Fund (or class as applicable) by the amount of such excess, subject to recapture as described below. Such reimbursement may include waiving all or a portion of the Adviser’s Management Fee. The reimbursement shall be allocated to each class of the Fund in the same manner as the underlying expenses or fees were allocated.
The Adviser further agrees that this agreement to limit Total Annual Fund Operating Expenses for the Fund is effective as of September 1, 2015 and shall continue at least through August 31, 2017.
The Adviser will be permitted to recapture, on a class-by-class basis, expenses it has reimbursed through this letter agreement to the extent that a Fund’s expenses in later periods fall below the annual rates set forth in this letter agreement. Notwithstanding the foregoing, the Fund will not be obligated to pay any such fees and expenses more than three years after the end of the fiscal year in which the fees or expenses were reimbursed.
|
SEAFARER CAPITAL PARTNERS, LLC
|
||
|
By:
|
/s/ Xxxxxxxx Xxxxxx
|
|
|
Name:
|
Xxxxxxxx Xxxxxx
|
|
|
Title:
|
President
|
|
|
Acknowledged and accepted by:
|
||
|
On Behalf of the Fund
|
||
|
By:
|
/s/ Xxxxxx X. Xxxxx | |
|
Name:
|
Xxxxxx X. Xxxxx
|
|
|
Title:
|
President
|
|
